{"id":64930,"date":"2022-07-27T09:49:25","date_gmt":"2022-07-27T06:49:25","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=64930"},"modified":"2025-09-06T17:10:19","modified_gmt":"2025-09-06T14:10:19","slug":"us-authorities-suspect-kraken-of-sanctions-violations-reports-say","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/us-authorities-suspect-kraken-of-sanctions-violations-reports-say\/","title":{"rendered":"US authorities suspect Kraken of sanctions violations, reports say"},"content":{"rendered":"

The U.S. Treasury’s Office of Foreign Assets Control could levy a penalty on the Kraken bitcoin exchange for violations of the sanctions regime. This was reported by The New York Times<\/a>, citing knowledgeable sources.<\/p>\n

The investigation has been underway since 2019.<\/p>\n

The publication said that as part of internal communications, Kraken’s CEO Jesse Powell placed a spreadsheet of verified accounts of the exchange. It showed that the platform had 1,522 users in Iran, 149 in Syria and 83 in Cuba. The document was subsequently removed.<\/p>\n

Kraken’s chief legal officer Marco Santori said that the company “does not comment on specific discussions with regulators.” He stressed that “the exchange closely monitors sanctions compliance and reports potential problems to authorities.”<\/p>\n

In February 2022, Powell rejected a proposal to block all Russian users’ accounts without a legal mandate. He stressed his respect for the Ukrainian people but explained his stance with libertarian values.<\/p>\n

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1\/6 I understand the rationale for this request but, despite my deep respect for the Ukrainian people, @krakenfx<\/a> cannot freeze the accounts of our Russian clients without a legal requirement to do so.<\/p>\n

Russians should be aware that such a requirement could be imminent. #NYKNYC<\/a> https:\/\/t.co\/bMRrJzgF8N<\/a><\/p>\n

\u2014 Jesse Powell (@jespow) February 28, 2022<\/a><\/p><\/blockquote>\n