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Is this compliant with US sanctions and AMl policies?

• EVa5I7bHFq9mnYK 2y ago
  Obviously not. I wonder why this stablecoin scam still exists, it violates every possible financial regulation out there.
• jgilias 2y ago
  Obviously yes. They just use USDC and USDT, and both of those regularly freeze addresses attributed to OFAC-sanctioned persons and entities.
• Shasnani 2y ago
  Absolutely following all US Sanctions and AML policies (setting up more rigorous KYC, transaction screening, MTLs etc. as we speak). We're a US company and intend on doing this the right way.
  • srivmo 2y ago
    How do you ensure AML and CFTC compliance? Aren't self-custodial wallets private by nature?
    • davidlee1435 2y ago
      A number of onchain forensics companies (Chainalysis, TRM Labs) have gotten pretty good at detecting suspicious activity
• MacsHeadroom 2y ago
  The Chief Compliance Officer of Circle, makers of the USDC stablecoin, sits on the board of the Illicit Virtual Asset Network alongside U.S. government representatives from the FBI, DEA, etc. https://www.businesswire.com/news/home/20241002200546/en/Circle-Appointed-to-Board-Position-on-U.S.-Government-led-Partnership-to-Combat-Illicit-Finance https://www.businesswire.com/news/home/20241002200546/en/Cir... So obviously yes.