By Maya Lester KC & Michael O’Kane

OFAC investigating crypto company over potential sanctions violations

Circle Internet Financial Ltd., a crypto finance company, is reported to have disclosed that it is under investigation by OFAC and an Iranian government agency in relation to possible sanctions violations. According to a recent regulatory filing, the company estimates that the settlement agreement for these matters will amount to between $1.1 million and $2.8 million, for which it has …

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About Michael O'Kane

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Michael is Senior Partner at Peters & Peters LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters LLP...

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