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

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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