Well, OFAC seeks to regulate transactions with proscribed groups and individuals. Normal banking covers this in part with "know your customer" (KYC) rules and p

Well, OFAC seeks to regulate transactions with proscribed groups and individuals. Normal banking covers this in part with "know your customer" (KYC) rules and processes, but I guess Venmo decided it needs to cast a wider net. In this case, I wouldn't blame OFAC; they just got a suspicious activity report and now have to act on it.