OFAC lists virtual currency exchange & issues ransomware advisory

SUEX OTC, S.R.O., a virtual currency exchange, has been sanctioned by the US Treasury’s Office of Foreign Assets Control (OFAC) for “facilitating financial transactions for ransomware attacks”, pursuant to Executive Order 13694 (cyber sanctions). It is the first time a virtual currency exchange has been designated by the US. OFAC Press Release and Notice. OFAC has also issued its ‘Updated …

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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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