Cryptocurrency exchange Kraken has agreed to pay the penalty to settle civil liability related to apparent violations of sanctions on Iran. As part of the deal with OFAC, Kraken would pay more than $360,000 with a specific $100,000 add-on.
U.S. regulators continue to crack down on cryptocurrency exchanges that violate regulations both within the borders and internationally.
Kraken battles OFAC
Kraken, one of the largest crypto exchanges, is currently dealing with these issues. In July 2022, the United States Treasury Department’s Office of Foreign Assets Control, or OFAC, araştırıldı Kraken. It alleged that Kraken served Iranian customers and other sanctioned countries.
The inquiry started as early as 2019. The New York Times atıf “five people affiliated with the company or with knowledge of the inquiry.” These individuals said that the U.S. government might impose a fine on the exchange, which has already faced off with other regulatory authorities in the country.
According to the report, more than 1,500 users with residences in Iran had accounts at Kraken as of June 2022. While 149 users in Syria and 83 in Cuba were also reportedly able to access the crypto exchange.
Amerika Birleşik Devletleri dayatılan sanctions on Iran that prohibit the export of goods or services to businesses and individuals in the country since 1979. Cuba and Syria, too, were a part of this sanctioned list. Doing business or offering services to the mentioned countries would trigger penalties.
Settling the feud
OFAC has now settled with the Delaware-incorporated virtual currency exchange. In a Nov. 28 güncelleştirme, Kraken agreed to ‘remit $362,158.70 to settle its potential civil liability for apparent violations of sanctions against Iran.’
As part of its settlement with OFAC, Kraken also has agreed to invest an additional $100,000 in certain sanctions compliance controls.’
OFAC added:
"Kraken'in, otomatik bir internet protokolü (IP) adresi engelleme sistemi dahil olmak üzere uygun coğrafi konum belirleme araçlarını zamanında uygulamadaki başarısızlığı nedeniyle, Kraken, Kraken platformunda sanal para birimi işlemleri yaparken İran'daymış gibi görünen kullanıcılara hizmet ihraç etti."
The crypto exchange platform has had a problematic relationship with the regulatory boards. Last year, The U.S.-based cryptocurrency exchange Alınan $1.25 million in fines for illegal trading activities.
Feragatname
Web sitemizde yer alan tüm bilgiler iyi niyetle ve yalnızca genel bilgi amaçlı yayınlanmaktadır. Okuyucunun web sitemizde bulunan bilgilere göre yapacağı herhangi bir eylem kesinlikle kendi sorumluluğundadır.
Source: https://beincrypto.com/kraken-agrees-settle-us-regulators-violating-iran-sanctions/