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Strengthening sanctions compliance: Building for scale and trust
At Kraken, we are committed to building a secure and trusted platform for our clients. Over the past few years, we have significantly strengthened our global compliance framework by investing deeply in people, processes, and systems that ensure the security of our platform.
We are proud to announce that we have recently completed a multi-year effort to enhance our sanctions compliance program across the board. This achievement is not only a testament to our ongoing engagement with regulators but also reflects our company’s approach to risk, oversight, and operational excellence.
As part of our ongoing work with U.S. regulators, Kraken has successfully completed its third and final certification with the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). This external validation demonstrates the robust controls and processes we have put in place to manage sanctions risk.
Our journey towards strengthening sanctions compliance began as an initiative to enhance our sanctions controls but quickly evolved into a comprehensive effort to build one of the most robust, scalable, and future-proof compliance programs in the industry.
Source: blog.kraken.com
