UK’s OFSI: Crypto firms under-reporting sanctions violations
July 22, 2025, 5:19 PM
The UK's Office of Financial Sanctions Implementation (OFSI) warned in a threat assessment report that cryptocurrency firms are under-reporting financial sanctions violations. However, it added that most cases of under-reporting are unintentional. The report also warned that UK crypto firms are at high risk of being targeted by North Korean hackers.
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