OFAC Makes Waves in Fight Against Ransomware, but Practical Effects Unclear

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On September 21, 2021, the U.S. Department of the Treasury announced two major actions by the Office of Foreign Asset Control to combat ransomware: the release of its Updated Advisory on Potential Sanctions Risks for Facilitating Ransomware Payments, and the first-ever sanctioning of a cryptocurrency exchange for transacting with ransomware gangs. The Updated Advisory sends […]
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