16 stories tagged #OFAC

  1. US Treasury Seizes $500M in Iranian Crypto in Operation Economic Fury
    crypto

    US Treasury Seizes $500M in Iranian Crypto in Operation Economic Fury

    The US Treasury seized nearly $500 million in Iranian cryptocurrency assets under Operation Economic Fury, escalating maximum pressure tactics.

    last mo. 1 min read
  2. US Eases Sanctions, Allowing Venezuela to Fund Maduro's Defense
    world

    US Eases Sanctions, Allowing Venezuela to Fund Maduro's Defense

    The United States has granted a waiver, permitting Venezuela to pay for Nicolas Maduro's legal defense team in New York on drug and other federal charges.

    last mo. 1 min read
  3. US Freezes $344 Million in Crypto Linked to Iran
    crypto

    US Freezes $344 Million in Crypto Linked to Iran

    U.S. Treasury sanctions $344 million in cryptocurrency tied to Iran's illicit financial activities, targeting funds linked to Hezbollah and the IRGC.

    last mo. 1 min read
  4. Tether Freezes $344 Million Amid US Law Enforcement Probe
    crypto

    Tether Freezes $344 Million Amid US Law Enforcement Probe

    Tether, the largest stablecoin issuer, has frozen over $344 million in USDT at the request of US law enforcement, sparking debate over stablecoin control and industry regulation.

    last mo. 1 min read
  5. Tether Freezes $344 Million in USDT Linked to Illicit Activity
    crypto

    Tether Freezes $344 Million in USDT Linked to Illicit Activity

    Tether freezes over $344 million in USDT stablecoins across two Tron addresses in coordination with U.S. authorities over illicit activity.

    last mo. 1 min read
  6. US Treasury Mandates Anti-Illicit Finance Measures for Stablecoin Issuers Under GENIUS Act
    finance

    US Treasury Mandates Anti-Illicit Finance Measures for Stablecoin Issuers Under GENIUS Act

    The US Treasury is implementing the GENIUS Act, requiring stablecoin issuers to establish robust AML/CFT programs and sanctions compliance, treating them as financial institutions.

    2mo ago 1 min read
  7. US Treasury Proposes Strict Rules for Stablecoin Firms to Combat Illicit Transactions
    crypto

    US Treasury Proposes Strict Rules for Stablecoin Firms to Combat Illicit Transactions

    New U.S. Treasury regulations would require stablecoin issuers to implement robust controls against illicit finance, mirroring traditional financial institutions.

    2mo ago 1 min read
  8. US Sanctions North Korean Network Over $800M Data Extortion Scheme
    tech

    US Sanctions North Korean Network Over $800M Data Extortion Scheme

    The U.S. Treasury sanctions six individuals and two firms tied to North Korea for stealing $800 million through cyber extortion and illicit crypto conversions.

    2mo ago 1 min read