JD Supra28d
American Life Insurance Company Settles with OFAC for $178,421 Related to Apparent Violations of Iranian Transactions and Sanctions Regulations
OFAC identified these activities as constituting ... and removing references to the Iranian embassy. The manipulated document displayed distorted text in the ownership section and omitted a ...
decrypt11d
Tornado Cash Dev Wants Charges Dropped Because Sanctions Deemed Illegal
In Storm’s Dec. 18 motion to dismiss, he cites the recent Fifth Circuit ruling that the Treasury's Office of Foreign Assets ...
JD Supra28d
Client Alert: DOJ and OFAC Actions Showcase Expansive U.S. Oversight of Foreign Conduct
OFAC Settles with Vietnam Beverage Company for ... Nearly all of the associated business documents for these dealings made specific references to North Korea and the receipt of payment in U.S ...
CoinTelegraph1mon
Big victory in Tornado Cash case as judge says OFAC exceeded authority
In a Nov. 26 legal opinion, a Fifth Circuit Appeals Court’s three-judge panel said the Office of Foreign Assets Control (OFAC) exceeded its authority in sanctioning Tornado Cash’s immutable ...
Reuters1mon
Court overturns US sanctions against cryptocurrency mixer Tornado Cash
OFAC blacklisted Tornado Cash after concluding it was helping launder proceeds of cyber crimes, including more than $455 million stolen by the Lazarus Group, a North Korean government-backed ...