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US Court Reverses OFAC’s Sanctions Against Crypto Mixer Tornado Cash
On January 21, the US District Court for the Western District of Texas reversed OFAC’s sanctions against Tornado Cash. The US Treasury’s Office of Foreign Assets Control (OFAC) levied sanctions against the platform in 2022 for allegedly becoming a solution for money launderers to move illegal funds around.
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Kraken Under US Treasury Investigation for Violating Sanctions Against Iran: Report
Popular crypto exchange Kraken has come under the radar of the US Treasury’s Office of Foreign Assets Control (OFAC) for allegedly violating sanctions. The Treasury is investigating whether Kraken allowed users in sanctions-hit countries to buy and sell cryptocurrencies.
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US Says ISIS Has Made $1.5 Billion From Bank Looting, Oil Sales
ISIS terrorists have looted up to $1 billion from bank vaults in Syria and Iraq and has made at least another half a billion dollars from black market oil sales, senior US Treasury official Adam Szubin said on Thursday.
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India to Pay Another $700 Million to Iran on October 12
India on October 12 will pay another USD 700 million to Iran to clear part of past oil dues, the second payment since the Persian Gulf nation reached a historic nuclear deal with western powers.
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US Court Reverses OFAC’s Sanctions Against Crypto Mixer Tornado Cash
On January 21, the US District Court for the Western District of Texas reversed OFAC’s sanctions against Tornado Cash. The US Treasury’s Office of Foreign Assets Control (OFAC) levied sanctions against the platform in 2022 for allegedly becoming a solution for money launderers to move illegal funds around.
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Kraken Under US Treasury Investigation for Violating Sanctions Against Iran: Report
Popular crypto exchange Kraken has come under the radar of the US Treasury’s Office of Foreign Assets Control (OFAC) for allegedly violating sanctions. The Treasury is investigating whether Kraken allowed users in sanctions-hit countries to buy and sell cryptocurrencies.
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US Says ISIS Has Made $1.5 Billion From Bank Looting, Oil Sales
ISIS terrorists have looted up to $1 billion from bank vaults in Syria and Iraq and has made at least another half a billion dollars from black market oil sales, senior US Treasury official Adam Szubin said on Thursday.
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India to Pay Another $700 Million to Iran on October 12
India on October 12 will pay another USD 700 million to Iran to clear part of past oil dues, the second payment since the Persian Gulf nation reached a historic nuclear deal with western powers.
