October 15, 2021
On October 15, 2021, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) published an an industry-specific brochure titled “Sanctions Compliance Guidance for Virtual Currency Industry” and updated their frequently asked questions.
OFAC describes the brochure as providing “an overview of OFAC sanctions requirements and procedures, including licensing and enforcement processes, and highlights sanctions compliance best practices tailored for the virtual currency industry.”
The press release can be found here.
The brochure, “Sanctions Compliance Guidance for the Virtual Currency Industry,” can be found here.