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 ...

Commentary Compliance in the Peer-to-Peer Payment Landscape The swift rise of instant payment platforms such as Venmo and Zelle has revolutionized financial transactions, offering unmatched speed ...

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 ...