OFAC designates Xinbi Guarantee and lists associated TRX addresses
Regulation · · Ketju Research
What changed
On September 9, OFAC designated Xinbi Guarantee, Anwen Technology, and SafeW Technology under E.O. 13581, as amended, and listed Xinbi-associated TRX addresses. Treasury connects Anwen to the XinbiPay/NewPay cryptocurrency wallet. Covered property is blocked, with reporting and transaction restrictions subject to applicable authorizations and exemptions. The separately labeled administrative corrections do not impose new sanctions.
Who it affects
- U.S. advisers, custodians, exchanges, and wallet providers with relevant exposure
- Clients whose holdings or transaction histories involve the designated network
What is still open
- Attribution of unlisted wallets and application of ownership rules to affiliates
- Whether particular exposure requires blocking, reporting, or licensed treatment
What it means for an advisor
- Refresh name and wallet screening and review relevant client transaction histories.
- Check counterparties for designated-person ownership and escalate potential matches.
- Preserve attribution evidence; a historical wallet connection alone does not establish that every connected asset is blocked.
Sources
- Transnational Criminal Organizations Designations; Counter Terrorism Designation; Issuance of New and Amended Frequently Asked Questions · Office of Foreign Assets Control · · effective
- Treasury Cracks Down on Transnational Criminal Organization Behind Cyber Scam Operations Targeting Americans · U.S. Department of the Treasury · · effective
Version 1, published . Educational analysis, not legal advice.