SPB Exchange Added to OFAC SDN List: What’s Next?
Introduction
As of November 2, 2023, the SPB Exchange found itself on the OFAC SDN List . This listing translates to a freezing of SPB Exchange assets under the control of any US organization or individual. Moreover, it enforces a comprehensive ban on any future USD transactions involving this organization. As is often the case in situations involving entities on the OFAC sanctions list,...