---
title: "RegTrail Insights: OFAC Fines Digital Asset Platform $7.6 million for Sanctions Violations"
description: OFAC announced a settlement with Poloniex, a digital assets trading platform, for sanctions violations allowing customers apparently located in sanctioned jurisdictions to engage in online digital asset-related transactions consisting of trades, deposits, and withdrawals.
---

[Resources | RegTrail](https://www.regtrail.com/resources)

# [RegTrail Insights: OFAC Fines Digital Asset Platform $7.6 million for Sanctions Violations](https://www.regtrail.com/resources/regtrail-insights-week-in-review-may-1-5)

 Written by [RegTrail](https://www.regtrail.com/resources/author/regtrail) | May 5, 2023 2:08:00 PM

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[View full post](https://www.regtrail.com/resources/regtrail-insights-week-in-review-may-1-5)

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