United States of America: OFAC lawsuit against Poloniex for allegedly violating US sanctions against Crimea, Cuba, Iran, Sudan and Syria
Progress
Current status
in force
01 May 2023 in force
Scope
Implementers
United States of America
Policy Area
International trade
Policy Instrument
Export ban
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central government
Implementation Level
national
Timeline of events
Issued Settlement Agreement between OFAC and Poloniex for apparent violations of sanctions against Crimea, Cuba, Iran, Sudan and Syria
On 1 May 2023, the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury reached a settlement agreement with Poloniex, an online trading and settlement platform, in its investigation over the company’s apparent violations of U…
SourceEvent type
investigation
Action type
ruling
Government branch
executive
Government body
central government