Tagged: ransomware payments

Chainalysis Makes Recommendations After OFAC Emphasizes Importance of Ransomware Prevention, Reporting

October 4, 2021 @ 3:02 pm By Omar Faridi |

On Tuesday, September 21, 2021, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) had released an advisory on the sanctions risks associated with carrying out ransomware payments and the “proactive” steps firms may take to address these types of risks. This… Read More

Read more in: Blockchain & Digital Assets, Global, Politics, Legal & Regulation | Tagged chainalysis, digital currencies, financial crime, ofac, ransomware, ransomware payments, united states, us, virtual currency

15% of All Ransomware Payments Made Last Year Carried a “Risk of Sanctions Violations,” Chainalysis Reveals

April 24, 2021 @ 12:19 pm By Omar Faridi |

Last week, the US sanctioned several groups and individuals because of their alleged association with “disinformation” campaigns that were reportedly coordinated by the Russian government. Blockchain analysis firm Chainalysis points out that a few of the sanctioned utilized virtual currency in their “criminal endeavors,” and… Read More

Read more in: Blockchain & Digital Assets, General News, Global, Politics, Legal & Regulation | Tagged bch, bitcoin, bitcoin cash, btc, chainalysis, eth, ethereum, ofac, payments, ransomware, ransomware payments, tether, united states, us, usdt