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Treasury Department Tells Companies to Comply With Sanctions

U.S. Department of the Treasury issues sanctions compliance guidelines for virtual currency payments. Treasury officials say the guidance outlines best practices “tailored to the unique risks posed in [the] dynamic [cryptocurrency] space” “Ransomware actors are criminals who are enabled by gaps in compliance regimes across the global virtual currency ecosystem,” Treasury official says. “Treasury is helping to stop ransomware attacks by making it difficult for criminals to profit from their crimes, but we need partners in the private sector,” he says.”]

Source: https://www.cuinfosecurity.com/treasury-dept-to-crypto-companies-comply-sanctions-a-17744

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