USOFAC (US Department of the Treasury)DecisionCompliance

OFAC: sanctions on DPRK IT worker crypto facilitators

Jurisdiction: United States
Regulator: OFAC (US Department of the Treasury)
Published: 29 Oct 2026

What changed

OFAC sanctioned 10 individuals and one entity for roles in DPRK government-run IT worker schemes. The release says the networks used cryptocurrency transactions and money laundering techniques to move proceeds for the DPRK.

Timeline

28 October 2026: OFAC announced the designations

What to do by role

U.S. persons: must block property of the designated persons and report it to OFAC, and are generally prohibited from transactions involving blocked persons' property unless licensed or exempt
Non-U.S. persons: are prohibited from causing or conspiring to cause U.S. persons to violate U.S. sanctions, and from conduct that evades them

Matters for

U.S. persons, and anyone dealing with them, who handle property or transactions that may involve the blocked persons.

Read the source: OFAC (US Department of the Treasury) home.treasury.gov

US · OCC · LawThe OCC announced a final rule implementing the GENIUS Act. It sets requirements for permitted and foreign payment stablecoin issuers under its jurisdiction, and for certain custody activities of OCC-supervised entities.US · CFTC · ConsultationThe CFTC published an advance notice of proposed rulemaking seeking public comment on its intent to set rules for retail commodity transactions involving crypto assets (CTXs) under section 2(c)(2)(D) of the Commodity Exchange Act, including a new subcategory of designated contract market registration called a crypto asset market. The CFTC says comments must be received within 60 days of publication in the Federal Register.US · CFTC · StatementOn 24 September 2026 CFTC staff released updates to the FAQs on registrant and registered entity activities relating to crypto assets and blockchain technologies. The updates address investments of customer funds in tokenized forms of permitted investments and the use of blockchain technologies to meet a registrant's recordkeeping requirements.

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