Treasury Planning New Sanctions Targeting Cyber Hackers, Report Says
The Biden administration is planning new sanctions to make it more difficult for hackers to use digital currencies to profit from ransomware attacks, The Wall Street Journal reported Sept. 17. The sanctions could come as soon as this week and…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
will be accompanied by guidance from the Treasury Department about the risks linked to facilitating ransomware payments, including penalties, the report said. The sanctions are expected to target specific people or entities rather than an “entire crypto infrastructure where ransomware transactions are suspected of taking place,” the report said. A Treasury spokesperson didn’t comment.