OFAC fines cryptocurrency exchange $1.2m for Russia sanctions violations

14 December 2023

OFAC fines cryptocurrency exchange $1.2m for Russia sanctions violationsCoyz0_Shutterstock

OFAC has entered into a $1.2m settlement agreement with CoinList Markets LLC (CLM), a cryptocurrency exchange, to settle its potential liability arising from 989 transactions on behalf of users resident in Crimea between April...

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions...

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