OFAC Strongly Encourages Companies to Develop and Implement an Effective Sanctions Compliance Program
Time 1 Minute Read
Categories: Regulatory

On May 2, 2019 US Department of Treasury’s Office of Foreign Assets Control (OFAC) published “A Framework for OFAC Compliance Commitments” (the Framework), which provides a specific outline of what OFAC considers to be essential elements of an effective sanctions compliance program.  Crypto businesses should consider the applicability of the Framework to their products.

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The Hunton Andrews Kurth Blockchain Blog features opinions and legal analysis as we follow the development and use of distributed ledger technology known as the blockchain.

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