Crypto Exchange Poloniex Agrees to $7.6M Fee to Settle Sanctions Violation Charges

Crypto exchange Poloniex will remit $7.59 million to settle sanctions violations allegations with the U.S. Treasury Department's Office of Foreign Asset Control (OFAC), the sanctions watchdog announced Monday.

• 2023-05-02
• OFAC Poloniex U.S. Treasury Department compliance program Poloniex exchange Poloniex LLC

Crypto Exchange Poloniex to Pay $7.6 Million to Settle Probe Into Sanctions Violations

The agreement follows a $10 million settlement the trading platform agreed to pay in 2021 as a result of a Securities and Exchange Commission investigation.

• 2023-05-02
• U.S. Treasury Department digital assets OFAC Poloniex