In the latest sign of the escalating tension in the regulation of cryptocurrency products (and, according to many, regulation by enforcement), New York and seven other state regulators charged cryptocurrency lender Nexo Group for failing to register its crypto lending product as a security. According… Read More »Regulators Charge Crypto Lending Platform (Again)
OFAC consistently states there’s no “one size fits all” approach to screening accounts and transactions for potential sanctions violations. However, the Finding of Violation (FOV) recently issued to MidFirst Bank calls that position into question. OFAC issued the FOV because MidFirst maintained and processed 34… Read More »OFAC Daily Screenings: Are Your Vendors Performing?