BitGo to Pay $93K to US Treasury to Settle 183 'Apparent' Sanctions Violations
www.coindesk.com 31 December 2020 21:00, UTC
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Bitcoin custodian firm BitGo agreed to pay $93,830 in a settlement pact with the U.S. Treasury over 183 “apparent violations” of multiple sanctions programs.
- Because of deficiencies related to the company's compliance procedures, BitGo failed to prevent persons in the Crimea region of Ukraine, Cuba, Iran, Sudan and Syria from using its non-custodial wallet service, the Treasury said in announcing the settlement.
- The maximum civil monetary penalty was $53,051,675, the department said.
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BitGo settles with US Treasury over sanctions violations in Iran, Syria and Cuba
cointelegraph.com31 December 2020 10:28, UTC
BitGo settles with US Treasury over sanctions violations
www.theblock.co31 December 2020 01:00, UTC