OFAC
19 stories
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financeUS 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.
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cryptoUS 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.
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techUS 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.