U.S. Treasury Department issues advisory on “potential sanctions risks for facilitating ransomware payments” Financial services firms as well as digital forensics and cyber insurance companies may have to report payments to ransom gangs. Ransomware attacks have left systems encrypted and are threatening to leak the data unless they receive a payoff in monero or another privacy-preserving cryptocurrency. Financial institutions, cyber insurance firms and cyber insurers may be required to report convertible virtual currency – CVC – payments to ransomware gangs.”]
Source: https://www.cuinfosecurity.com/blogs/ransomware-would-banning-ransom-payments-mitigate-threat-p-2956