BlogKeeping your Crypto Company Compliant: The Need for Consolidated Sanction SolutionsDecember 6, 2022 by Verafin Cryptocurrency has developed an increasingly prominent role in the global economy. The perceived pseudo-anonymity of blockchain transactions and an evolving regulatory landscape has emboldened criminals to leverage cryptocurrency in attempts to evade sanctions. The Office of Foreign Assets Control (OFAC)... |
BlogManaging the Growing Complexities of Sanctions RiskMay 9, 2022 by Verafin The Russian invasion of Ukraine and the subsequent escalation of the Russian-Ukrainian war has been met with condemnation and resulted in severe economic sanctions from governments across the globe. Sanctions are crucial to enforce foreign policy objectives and deter criminal... |
BlogU.S. Court Case: 60 Funnel Accounts Used by Heroin Trafficking OrganizationSeptember 27, 2017 by Denise Hutchings “Narcotics traffickers will attempt to create elaborate financial networks in an effort to launder illegal drug proceeds.” (James Dorsey, Acting Special Agent in Charge IRS Criminal Investigation, June 2017) Heroin Trafficking Organizations Targeted by OFAC In May 2017, Treasury Secretary... |
