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 …