What Is OFAC Compliance in Crypto?

What Is OFAC And Their Role in Crypto Regulations

Key Takeaways OFAC governs any crypto business touching U.S. markets, dollars, or personnel, regardless of where the company is headquartered. Because it operates on a strict liability standard, platforms are legally responsible for compliance gaps whether a violation was accidental or intentional. Most crypto violations occur due to weak geographic IP blocking, outdated database checks, […]

Ooi Sang Kuang

Chairman, Non-Executive Director

Mr. Ooi is the former Chairman of the Board of Directors of OCBC Bank, Singapore. He served as a Special Advisor in Bank Negara Malaysia and, prior to that, was the Deputy Governor and a Member of the Board of Directors.