William & Mary2y
Treasury Department’s Office of Foreign Asset Control (OFAC)
OFAC can also designate persons and entities (including persons and entities in the United States) as Specially Designated Nationals ("SDN list"). OFAC designates persons and entities as SDNs for ...
Bitcoin Magazine3y
OFAC Requests Chainalysis Subscription For Bitcoin Blockchain Surveillance
OFAC made a similar request on May 4, 2021. The Specially Designated Nationals (SDN) List includes parties that are sanctioned from conducting financial transactions by the U.S. due to money ...
JD Supra28d
5th Circuit reverses and remands cryptocurrency software case stating OFAC exceeded its authority
The plaintiffs argued that OFAC exceeded its statutory authority by designating the software as a SDN, claiming that the smart contracts created by the software did not meet the definition of ...
exportcompliancedaily4d
US Supplier Fined by OFAC After Shipping to Sanctioned Firms Doing Business With Russia
SkyGeek voluntarily disclosed some of the potential violations, which OFAC called non-egregious. The agency said it could have imposed a maximum civil penalty of more than $2.2 mi ...