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OFAC License or Clearance: What Your Business Needs to Work with U.S. Sanctions
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August 14, 2025
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OFAC License or Clearance: What Your Business Needs to Work with U.S. Sanctions

Criterion OFAC Licence OFAC Clearance Goal Permission for a specific operation. Complete removal of sanction restrictions. Result Temporary permission for a prohibited action. Exclusion from the sanctions list (delisting). Legal consequences Sanctions against the individual remain in force. Sanctions are completely lifted. Who is it suitable for For those who want to make a deal […]

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OFAC and cryptocurrencies: can cryptocurrencies be used under sanctions?
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August 5, 2025
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OFAC and cryptocurrencies: can cryptocurrencies be used under sanctions?

Sanctions Compliance Measure Description Importance Transaction Screening Screening transactions against the SDN List to identify and prevent sanctioned transactions. High Wallet Address Monitoring Monitoring wallet addresses for suspicious activity and reporting to OFAC. High Customer Due Diligence Conducting due diligence on customers to ensure they are not sanctioned entities. Medium Screening Component Description Best Practices […]

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