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Violation Tracker Individual Record

Company: CoinList Markets LLC
Penalty: $1,207,830
Year: 2023
Date: December 13, 2023
Offense Group: financial offenses
Primary Offense: economic sanction violation
Violation Description: CoinList Markets LLC, a San Francisco, California-based virtual currency exchange, agreed to pay $1,207,830 to settle its potential civil liability arising from processing 989 transactions on behalf of users ordinarily resident in Crimea between April 2020 and May 2022, in apparent violation of OFAC's Russia/Ukraine sanctions. The settlement amount reflected OFAC determination that CLM's apparent violations were not voluntarily self-disclosed and were nonegregious.
Level of Government: federal
Action Type: agency action
Agency: Office of Foreign Assets Control
Civil or Criminal Case: civil
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.