Sanctioned jurisdictions account for 39% of illicit crypto transactions in 2024
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Sanctioned jurisdictions account for 39% of illicit crypto transactions in 2024
Description
A Chainalysis report reveals that US-sanctioned jurisdictions, including Iran and Russia, moved $15.8 billion in crypto in 2024, accounting for 39% of all illicit crypto transactions.
Publish date
6:00am, Wednesday, February 19, 2025
Referenced by
OFAC sanctioned jurisdictions dominate illicit Crypto flows in 2024 with $15.8B
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The measurable decline in exchange interactions with Iranian services speaks to the tangible impact of compliance measures in limiting exposure to sanctioned jurisdictions.” the report said
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In 2024, OFAC’s crypto-related sanctions moved beyond individuals and small groups to target the financial infrastructure supporting illicit activity
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