Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Bitcoin ‘addresses’ added to sanctions screening

Joe Mont | November 29, 2018

For the first time, the Treasury Department has added digital currency identifiers on its sanctions blacklist. It has also crafted new guidance on how those connections and transactions should be identified and reported. 

On Nov. 28, the Treasury Department’s Office of Foreign Assets Control acted against two Iran-based individuals, Ali Khorashadizadeh and Mohammad Ghorbaniyan. They allegedly helped exchange digital currency ransom payments, from Bitcoin into Iranian rial, on behalf of Iranian cyber-criminals involved with the so-called SamSam ransomware scheme that targeted more than 200 known victims.

“Treasury is targeting digital currency exchangers who have enabled Iranian cyber actors to profit from extorting digital ransom payments from their victims,” Treasury Under Secretary for Terrorism and...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.