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OFAC Seeks Bitcoin Monitoring – Bitcoin Magazine: Bitcoin News, Articles, Charts & Guides

The Office of Foreign Assets Control (OFAC), a financial intelligence and enforcement agency within the U.S. Treasury Department, has requested a second subscription to licensing, training, and support packages from blockchain analysis firm Chainalysis, according to General Contract Notice.

OFAC requires a commercial blockchain tracking web application tool to provide its Office of Global Targeting (OGT) investigators to analyze and track virtual currency transactions such as Bitcoin, in order to gather attribution information on interested parties that the OGT may place on [Specially Designated Nationals] List,” the notice reads. “This tool will specifically support the implementation of OFAC cyber sanctions.”



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