RIADeFiPublished by Ketju Research
Regulation · Enforcement

OFAC settles sanctions violations with ShapeShift

Regulation · · Ketju Research

U.S. Department of the Treasury, Office of Foreign Assets Control

What changed

OFAC announced a $750,000 settlement with ShapeShift for apparent sanctions violations involving its digital-asset exchange services.

Who it affects

  • Digital-asset exchanges, investment advisers diligencing trading venues, and clients

What is still open

  • How firms will translate the settlement factors to decentralized or non-custodial interfaces

What it means for an advisor

  • Test sanctions screening, IP and geolocation controls, escalation, historical lookbacks, and platform-counterparty representations.

Sources

  1. OFAC settles sanctions violations with ShapeShift · U.S. Department of the Treasury, Office of Foreign Assets Control ·

Version 1, published . Educational analysis, not legal advice.