OFAC redesignated a privacy-enhancing virtual currency mixing service that utilizes smart contracts "for its role in enabling malicious cyber activities, which ultimately support the Democratic People’s Republic of Korea's WMD program."
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President Joseph R. Biden signed an Executive Order to target Nicaragua's gold sector and enhance Treasury and OFAC's ability to hold the government of Nicaragua accountable for its "continued attacks on Nicaraguans' freedom of expression and assembly."
OFAC issued a Finding of Violation to a Puerto Rico-based international bank for violating Venezuela Sanctions Regulations and OFAC Reporting Regulations.
In the U.S. District Court for the Eastern District of New York, a France-based building materials manufacturer pleaded guilty to one count of conspiring to provide material support and resources to two U.S.-designated foreign terrorist organizations.
Coin Center, a cryptocurrency-focused non profit, sued Treasury and OFAC over the decision to designate the virtual currency mixer Tornado Cash on the Specially Designated Nationals and Blocked Persons List.