SanctionsAI penalties
Bitfinex OFAC penalty
Bitfinex paid $341 million in October 2023 for processing transactions tied to sanctioned jurisdictions. Demonstrates OFAC's reach into crypto exchanges.
Overview
Bitfinex paid $341 million in October 2023 for processing transactions tied to sanctioned jurisdictions. Demonstrates OFAC's reach into crypto exchanges. Built for OFAC screening API users who need depth, not breadth.
How SanctionsAI helps
SanctionsAI is built for free ofac sanctions screening api. This page's recommendations are baked directly into the product.
- Free OFAC sanctions screening API
- Built specifically for OFAC screening API workflows
- Active development and support
- Documented API and integrations
Frequently asked questions
Is this page relevant to my use case?
If you are a OFAC screening API user, yes. The content is tailored to the specific challenges of penalties.
How often is this updated?
Reviewed quarterly and updated when the underlying data or best practices change.
Related resources
- OFAC 2023 Enforcement Actions OFAC Penalty (2023) — $Multiple [Case Study]
- BitGo OFAC Penalty (2021) — $98,307 [Case Study]
- EtherDelta OFAC Penalty (2018) — $450,000 [Case Study]
- How often does OFAC update sanctions lists? [2026 Guide]
- SanctionsAI vs Elliptic: which is right for you?
- How to build a sanctions compliance program