Implementing a Sanctions Compliance Program for Digital Assets

Over a year ago, the Treasury’s Office of Foreign Assets Control (OFAC) released guidance on best practices for cryptocurrency businesses as they navigate sanctions in the crypto space.  As part of that guidance, OFAC recommended that companies in the virtual currency industry develop a sanctions compliance program and conduct routine and, if appropriate, ongoing risk assessments to identify potential sanctions issues. This compliance program would include the use of blockchain intelligence and geolocation tools.  

In this session, TRM Talks is joined by sanctions compliance experts with robust experience in building out sanctions compliance programs for crypto businesses to discuss:   

• The ins and outs of how to approach implementing a sanctions compliance program 
• Recent enforcement actions and subsequent key takeaways 
• What are the next big issues in crypto-related sanctions compliance we should consider?  

This podcast is hosted by TRM Labs, a blockchain analytics company. We work with crypto businesses, financial institutions and government agencies to monitor, detect and investigate fraud and financial crime in crypto. Learn more about our mission to build a safer financial system for billions of people here: https://www.trmlabs.com/about