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OFAC publishes Virtual Currency Sanctions Compliance Guidance (& 2 updated FAQs)

Publication of Sanctions Compliance Guidance for the Virtual Currency Industry and Updated Frequently Asked Questions Release date10/15/2021Body The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing an industry-specific brochure, “Sanctions Compliance Guidance for the Virtual Currency Industry,” as a resource to help members of the […]

Another day, another FAQ – today’s is Venezuela-related!

Frequently Asked Questions 933. Are the authorizations in paragraph (a) of Venezuela-related General Licenses 7C and 20B, respectively, expired? Answer No.  The authorizations in paragraph (a) of Venezuela-related General Licenses (GLs) 7C (“Authorizing Certain Activities Involving PDV Holding, Inc. and CITGO Holding, Inc.”) and 20B (“Authorizing Official Activities of Certain International Organizations Involving the Government […]

Some AML Resources from the UAE

From the resource page below, we have the following from the Central Bank of the UAE: Law: Federal Decree-Law No (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations Cabinet Decision: Cabinet Decision No (10) of 2019 concerning the Implementing Regulation of […]

OFAC adds new Iran FAQ 932

932. Do U.S. sanctions prohibit U.S. persons from visiting, or making donations to, the Imam Reza Holy Shrine in Mashhad, Iran? Answer URGENT NOTE:  The U.S. Department of State cautions against any travel by U.S. persons to Iran.  The Department of State has issued a Level Four Travel Advisory (Do Not Travel) for […]