Financial Crime Financial Crime

Grandfathered cryptocurrency users in sanctioned jurisdictions led to US penalty on Poloniex

By Samuel Rubenfeld
  • 01 May 2023 22:05
  • 01 May 2023 22:05
A failure to address grandfathered users of digital trading platform Poloniex in sanctioned jurisdictions led to a $7.6 million penalty today from the US Treasury Department.
Poloniex, which sold its platform in November 2019 and no longer has business operations or employees, had allowed customers based in sanctioned jurisdictions to

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Samuel Rubenfeld

Reporter


Samuel Rubenfeld is a reporter covering cases of bribery and corruption and some international trade issues. Prior to joining MLex, he was editor of the Kharon Brief, a news and data analysis platform focused on global security issues, including sanctions and export controls. Earlier in his career, Rubenfeld spent about a decade at The Wall Street Journal, including nearly nine years as a reporter covering corporate risk and compliance concerns such as bribery, money laundering, sanctions, terrorist financing and whistleblowers.

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