In recent years, economic sanctions have become an increasingly important U.S. foreign policy tool and the digital asset industry has become a key focus of sanctions regulators and prosecutors.
The innovative use of virtual currencies is hotter than ever, but so is a dark side of these instruments: their exploitation in ransomware schemes. This year, since January 2021,.
The Financial Crimes Enforcement Network (FinCEN) recently issued an updated version of its Advisory on Ransomware and the Use of the Financial System to Facilitate Ransom Payments (the Advisory).