OFAC

  • FinCEN CVC Mixing Withdrawal: Mixer and Wallet Proposals Dropped

    The FinCEN CVC mixing withdrawal took effect on 6 October 2026, when the Federal Register published two notices that the Financial Crimes Enforcement Network had filed for public inspection the previous morning. The first withdraws the October 2023 finding and proposed rule under section 311 of the USA PATRIOT Act that would have treated international…

  • FinCEN A7 Network Special Measure: Prohibiting Sub-Agent Transmittals

    On 1 October 2026 FinCEN released a notice of proposed rulemaking under section 9714(a) of the Combating Russian Money Laundering Act that would add a new 31 CFR 1010.668 and prohibit every covered US financial institution from sending or receiving funds, including convertible virtual currency (CVC), in transactions involving the A7 Network’s Sub-Agents. The FinCEN…