Office Of Foreign Asset Control news and trends

Chainalysis Says Data and Smart Regulation Critical for Crypto Rehabilitation
Cryptocurrency // March 14, 2023

The year 2022 was one of the most tumultuous in the cryptocurrency industry’s brief history. It was a record year for another reason, too, as illicit crypto transactions hit a second consecutive all-time high, reaching $20.6 billion, compared to the sector’s previous high of $18.1...

Bitcoin Daily: Lloyd’s Now Covers Crypto In eWallets; U.S. Treasury Adds Hacker Bitcoin Addresses To...
Bitcoin // March 02, 2020

Lloyd’s of London, the insurance firm, is supporting a new policy that protects digital currency held in digital wallets from hackers, Coindesk reported on Monday (March 2). The policy is reportedly a new insurance type that has a limit that changes with the price fluctuations...

Interviews & Exclusives
Chainalysis Says Data and Smart Regulation Critical for Crypto Rehabilitation

March 14, 2023
The year 2022 was one of the most tumultuous in the cryptocurrency industry’s brief history. It was a record year for another reason, too, as illicit crypto transactions hit a second consecutive all-time high, reaching $20.6 billion, compared to the sector’s previous high of $18.1 billion in 2021. But it’s not all bad news, said […]

Quick Reads
Wells Fargo Fined $97.8 Million for Sanctions-Related Violations

March 30, 2023
Wells Fargo has been fined $97.8 million for sanctions-related violations from 2010 to 2015. The bank reached settlements of $67.8 million with the Federal Reserve Board and $30 million with the Treasury Department’s Office of Foreign Asset Control (OFAC), the two regulators said in separate Thursday (March 30) announcements. Wells Fargo provided inadequate oversight of […]

Bitcoin Daily: Lloyd’s Now Covers Crypto In eWallets; U.S. Treasury Adds Hacker Bitcoin Addresses To...

March 02, 2020
Lloyd’s of London, the insurance firm, is supporting a new policy that protects digital currency held in digital wallets from hackers, Coindesk reported on Monday (March 2). The policy is...