![](https://kidit.xyz/wp-content/uploads/2023/12/OFAC-Accepts-12M-Fine-from-Crypto-Exchange-CoinList-to-Settle.jpg)
“This enforcement action further emphasizes the importance for virtual currency companies and those involved in emerging technologies to incorporate risk-based sanctions compliance into their business functions, especially when the companies seek to offer financial services to a global customer base,” OFAC said in a media release.