By Maya Lester KC & Michael O’Kane

US cyber sanctions designations & updated FinCEN guidance

Chatex, a virtual currency exchange, has been designated by the US Treasury Department’s Office of Financial Assets Control (OFAC) pursuant to Executive Order (E.O.) 13694 (cyber sanctions), as amended. It is alleged to have provided material support to the “threat posed by criminal ransomware attacks” and to SUEX OTC, S.R.O., a virtual currency exchange that was sanctioned by the US in …

Cyber-AttacksCyber-Attacks United StatesUnited States

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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