Is OFAC screening required for crypto exchanges?

Yes. OFAC has stated explicitly that virtual currency is subject to the same sanctions obligations as fiat. Every US person and entity, including crypto exchanges, wallets, and DeFi protocols touching US persons, must screen against the SDN list.

Detailed answer

SanctionsAI addresses this question through its core OFAC screening API workflow. The platform is designed to make the answer actionable rather than just informational.

Key considerations

• Understand your specific use case before deciding
• Evaluate the impact on your existing workflow
• Consider the cost of NOT addressing this question