United States of America: Issued Settlement Agreement between OFAC and Poloniex for apparent violations of sanctions against Crimea, Cuba, Iran, Sudan and Syria
Description
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…
Scope
Policy Area
International trade
Policy Instrument
Export ban
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central government