A senior official in charge of combating financial crime in the US has given some advice regarding the enforcement practices of service providers in the cryptocurrency industry.
The Office of Foreign Assets Control (OFAC), subordinate to the U.S. Department of the Treasury, has been identified as involved in certain transactions. blockchain addresses to the sanctions list can add.
According to Alessio Evangelista, who works at FinCEN, which was established to fight financial crimes, organizations serving in the crypto money sector, blacklist wallets known to be involved in illegal transactions, even if they are not yet on the sanction list. they should.
According to Evangelista’s statements, these service providers are sometimes able to access a specific blockchain address. they know it’s suspicious however, he does not take any action and sends this address. ignores it.
The Treasury Department broke new ground a few weeks ago. mixer service He added a platform that gives money to the sanctions list. As a justification for this, the mixer in question North Korean hackers brokering stolen cryptocurrencies was shown.
Referring to this event, Evangelista said:
“This money was stolen to support a totalitarian regime that spends its money on developing weapons of mass destruction rather than feeding its citizens.”
Evangelista acknowledges that service providers who know that such transactions are suspicious but still do not act, “They risked their own reputations” stressed.