Kraken pays over $360,000 to settle violations of sanctions against Iran

The US cryptocurrency exchange Kraken settled charges from the Office of Foreign Assets Control (OFAC) alleging that they had violated sanctions against Iran. In the agreement, Kraken will pay $362,158.70 for the potential civil liability, and agree to commit $100,000 in various compliance controls.

The OFAC investigation was first revealed in July, in reporting from the New York Times.