CoinList, a platform that facilitates token sales, has agreed to pay $1.2 million to the Office of Foreign Assets Control (OFAC) in a settlement over allegations of violating sanctions. The platform reportedly processed transactions involving users from sanctioned regions, including Crimea, Cuba, Iran, North Korea, and Syria. CoinList neither admitted nor denied the allegations but cooperated with OFAC’s investigation, implementing measures to enhance its compliance program. The settlement highlights the importance of crypto platforms maintaining robust sanctions compliance measures. (Source: Cointelegraph)