The U.S. Treasury Department may start adding cryptocurrency addresses to its sanctions list if those addresses can be tied to a listed entity. While the addresses aren’t used more than once (as new addresses are generated each time a user requests money), compliance officers may still find the information helpful.

Fundamentally, Treasury is signalling that cryptocurrencies are not outside the scope of its sanctions efforts, and that financial institutions and actors remain responsible for complying with sanctions lists even when cryptocurrencies are involved.

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Compliance, illicit financing, sanctions evasion


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