Keeping pace with sanctions compliance regulations is a challenge for crypto companies. Without an OFAC-approved sanctions compliance program, your business is at risk of significant penalties and reputational risk.
This infographic provides an insightful overview of the compliance challenges facing crypto companies in a constantly evolving sanctions landscape, with helpful information such as:
· Six key requirements for proper sanctions compliance for crypto companies
· The challenges of conventional approaches to sanctions compliance
· OFAC’s five essential components of a sanctions compliance program for crypto companies
· The importance of combined blockchain and fiat transaction monitoring for sanctions compliance programs