Bittrex, Inc.

HQ Country of Company:
USA
Agency:
OFAC
Location of Sentencing:
Washington D.C.
Date:
Description:

Bittrex’s compliance deficiencies resulted in 94,634 apparent violations of the Iranian Transactions and Sanctions Regulations, 31 C.F.R. §560.204. Bittrex did not, for example, screen IP address information that indicated the customer was in a sanctioned location or physical address information provided by the customer, such as an Iranian passport or a customer who self-identified at account opening as being in Iran.

Fine:
Total Fine
$24,280,829.20
Total Forefeiture
$ 0.00
Total Special Assessment
$ 0.00
Grand Total
$24,280,829.20
Source:
OFAC, "OFAC Settles With Bittrex, Inc. for $24,280,829.20 Related to Apparent Violations of Multiple Sanctions Programs," 10/11/2022.
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