OFAC pointed out that the violation was considered “willful,” meaning Aiotec allegedly acted with knowledge of the laws or intentionally disregarded them. To help prevent such violations ...

The Treasury Department's Office of Foreign Assets Control (OFAC) administers and enforces economic sanctions imposed by the United States against foreign countries. Depending on the country, OFAC ...

Onchain Finance and Culture (OFAC) is a digital labor union and unofficial sister organization to the U.S. Department of Government Efficiency (DOGE) OFAC labor tokens are held closely by members ...

“They certainly can’t be blocked as an exercise of OFAC’s discretion.” However, Hughes noted that this does not mean Tornado Cash is in the clear. “This does NOT mean that the rest of ...

OFAC noted that its definition of “petroleum services” would also include services related to natural gas as a byproduct of oil production in Russia. The determination does contain exemptions ...