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      OFAC sanctions Iranian-linked digital asset exchanges and related facilitators

      On August 7, OFAC announced sanctions against Iranian-linked digital asset exchanges and related facilitators for allegedly enabling sanctions evasion and illicit cryptocurrency activity for the Iranian regime. According to OFAC, the digital asset exchanges allegedly facilitated the Iranian regime’s laundering of billions of dollars while supporting the IRGC and “other terrorist groups,” including through an online gambling enterprise and “sprawling corporate networks” that obscured funds’...
      By: Orrick, Herrington & Sutcliffe LLP

      Source: JD Supra
      .

      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud