Sanctions – Coin HD

OFAC Slaps Sanctions on 13 Entities and 2 Individuals Linked to Russia

Leave a Comment / Sanctions, Slaps / azlan90

The Office of Foreign Assets Control (OFAC) has escalated its enforcement efforts by tightening its grip on individuals and entities operating within the financial services and technology sectors in Russia, particularly those involved in virtual assets, enabling evasion of US sanctions. The enforcement agency claimed that these individuals and entities played a crucial role in […]

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U.S. Sanctions Hezbollah Crypto Operator Linked to Terrorist Funding

Leave a Comment / Hezbollah, Sanctions / Nisha

Last updated: March 26, 2024 16:53 EDT | 2 min read The US crackdown on terrorist financing targets Hezbollah crypto operations linked to weapons transfers. Image by Julia Smith, Midjourney. Tawfiq Muhammad Said Al-Law, a hawala operator involved in Hezbollah crypto funding, has been sanctioned by the U.S. Treasury’s Office of Foreign Assets Control (OFAC),

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US Treasury Sanctions 3rd Crypto Mixer Used by the Lazarus Group

Leave a Comment / Sanctions, Treasury / Avery Clarkson

The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury has placed sanctions on cryptocurrency mixing service Sinbad, alleging that the mixer served as a money laundering channel for the notorious North Korean hackers Lazarus Group. According to the enforcement agency, Sinbad has been used to launder millions of dollars

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