The crypto exchange has agreed to pay a penalty amount of $362,000 to U.S. regulators in the alleged sanctions violations case.
Kraken Settles With U.S. Regulator
Kraken has entered into a settlement agreement, which includes paying a hefty fine to United States regulators. The crypto exchange was accused of allegedly serving customers from sanctioned countries. In July 2022, allegations were brought against the exchange by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), where the latter accused Kraken of serving Iranian customers.
The company had been embroiled in a civil liability case till now. However, the OFAC and Kraken have come to an agreement of settling the case of the alleged violations, where the latter will be paying a penalty amount of $362,000 with a specific $100,000 add-on. The additional $100K will be spent on sanctions compliance controls, invested explicitly in training and technical measures to facilitate sanctions screening.
Investi
We współpracy z: https://cryptodaily.co.uk/2022/11/kraken-to-pay-settlement-for-violating-sanctions
