Chinese hackers targeted sanctions office in Treasury attack
Chinese state-backed hackers have reportedly breached the Office of Foreign Assets Control (OFAC), a Treasury Department ...
JD Supra21d
Between a Claim and a Hard Place: OFAC Sanctions Preempt State Insurance Laws
If an insurer receives an insurance application from a person on OFAC’s List of Specially Designated Nationals and Blocked Persons (“SDN List”), the insurer is under an obligation not to ...
Regtechtimes on MSN5d
OFAC Targets David Thackray in a Crushing Blow to Global Narcotics Trade
The United States Treasury Department has taken decisive action against individuals and entities allegedly involved in the global trade of illegal drugs. Recently, the department’s Office of Foreign ...
CoinTelegraph1mon
Big victory in Tornado Cash case as judge says OFAC exceeded authority
sued the Treasury, arguing that its addition of 44 Tornado Cash smart contract addresses to the Specially Designated Nationals (SDN) list was “not in accordance with law.” Crypto advocacy ...
CoinDesk1mon
Ending the Treasury Department’s Regulatory Overreach on Crypto Mixer Tornado Cash
Because of the latter actions, OFAC added many Tornado Cash addresses to its Specifically Designated National and Blocked Persons (SDN) list. But under the relevant statutory provisions ...