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A U.S.-based multinational technology company settled coordinated enforcement charges by the Commerce Department Bureau of Industry and Security and Treasury’s Office of Foreign Assets Control for failing to identify and prevent the sale of technology products to blocked persons and into sanctioned jurisdictions.

The DOJ seized the online platform "Genesis Market," describing it as “one of the world’s largest illicit marketplaces” selling stolen account access credentials to cybercriminals on a global scale. In a coordinated action, OFAC designated the online marketplace on the Specially Designated Nationals and Blocked Persons Lists.

The Federal Reserve Board and the Treasury Office of Foreign Assets Control fined a banking entity for apparent sanctions violations. The regulators charged that the bank provided software to a European bank engaged in transactions with sanctioned jurisdictions.