By Adrianne Appel2023-05-02T16:15:00
Cryptocurrency exchange Poloniex agreed to pay nearly $7.6 million after engaging with more than 200 customers across a handful of sanctioned regions, the Treasury Department’s Office of Foreign Assets Control (OFAC) announced.
Between July 2015 and September 2019, deficiencies in Poloniex’s compliance protocols played part in the company processing nearly 66,000 online digital asset-related transactions by customers in then-sanctioned jurisdictions, including the Crimea region of Ukraine, Cuba, Iran, Sudan, and Syria, said OFAC in its enforcement release published Monday. The combined value of the transactions surpassed $15 million, according to the regulator.
OFAC said Poloniex conducted this business despite having reason to know the locations of its customers. The relevant sanctions against Sudan have since been lifted.
2024-07-10T19:30:00Z By Aaron Nicodemus
The co-founder and former chief technology officer of crypto peer-to-peer network Paxful faces charges related to violating the anti-money laundering requirements of the Bank Secrecy Act.
2023-12-13T21:35:00Z By Aaron Nicodemus
Virtual currency exchange CoinList Markets agreed to pay more than $1.2 million to settle allegations from the Office of Foreign Assets Control that it violated U.S. sanctions by processing transactions for customers located in the Crimea region of Ukraine.
2023-11-06T20:25:00Z By Kyle Brasseur
DaVinci Payments, a financial services firm which manages prepaid reward card programs, agreed to pay approximately $206,000 as part of a settlement with the Office of Foreign Assets Control addressing alleged sanctions violations across four countries.
2025-10-08T18:28:00Z By Adrianne Appel
Charlie Javice, a former CEO who duped JPMorgan Chase into purchasing her start up company for $175 million, has been ordered to forfeit more than $22 million by the Department of Justice (DOJ) and to spend 7 years in jail.
2025-10-07T16:08:00Z By Adrianne Appel
Georgia Tech Research Corp. (GTRC) has agreed to pay $875,000 to settle allegations first raised by two compliance officers that its cybersecurity protocols violated acceptable standards for defense contractors, the Department of Justice (DOJ) said.
2025-10-06T17:12:00Z By Adrianne Appel
Tractor Supply Company has agreed to get into compliance with California’s consumer privacy law and to pay a $1.35 million fine—the largest yet by California—to settle allegations it violated the privacy rights of customers and job applicants.
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