OFAC’s sanctions search tool checks crypto wallets, but a clean result isn’t a clearance

Treasury's official lookup matches names and exact addresses, yet unlisted wallets and companies can still fall under blocking rules The US Treasury’s sanctions office offers a free, official way to check whether a crypto wallet or company shows up in its records. The Office of Foreign Assets Control’s Sanctions List Search can match names and exact crypto addresses. A hit still needs identity checks, and a miss doesn’t mean the wallet or company is in the clear. For exchanges, custodians, OTC desks and anyone else moving digital assets across borders, that gap matters more every year. OFAC’s list of sanctioned crypto addresses has grown from a curiosity into a sizable dataset. OFAC’s Sanctions List Search was first established in May 2021.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Crypto Briefing.