13 Dec 2023

U.S. Department of the Treasury OFAC fines CoinList Markets LLC for Apparent Sanction Violation

On December 13, 2023, The U.S. Office of Foreign Assets Control (OFAC) announced a $1,207,830 settlement with CoinList Markets LLC. CoinList agreed to settle its potential civil liability arising from processing 989 transactions on behalf of users ordinarily resident in Crimea between April 2020 and May 2022, in apparent violation of OFAC’s Russia/Ukraine sanctions.

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