OFAC (Foreign Asset Control Agency under the U.S. Treasury) Discloses Blacklisted Wallet Addresses

Regulations on cryptocurrency wallet addresses used in illegal activities are gradually being tightened.

Let’s take a look at the OFAC sanctions list for cryptocurrency wallets!

The Treasury Department’s Office of Foreign Assets Control (OFAC) has added the wallet addresses of individuals or organizations that are prohibited from trading cryptocurrency to the list of specially designated nationals.

OFAC’s list of specially designated nationals (SDN) includes names of countries under sanctions, terrorist groups and drug smugglers.
If listed on the SDN list,
1. U.S. assets are frozen and
2. U.S. financial transactions and investments are prohibited.

Are you aware of the wallet addresses of money laundering organizations?

The ARGOS Cryptocurrency Wallet Address Identification System is based on data collected from official sanctions lists released by international organizations and government agencies around the world, private companies, and ARGOS’s very own fraud database.

With ARGOS, it’s a breeze to screen crypto wallet addresses!

In need for KYC•AML? ARGOS is with you.

Emma Kang

Author Emma Kang

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