HEXDI Integrates Standards from OFAC Compliance Guidance for the Virtual Currency Industry

HEXDI has integrated 14 additional government standards reflected in OFAC’s October 15, 2021, Compliance Guidance for the Virtual Currency Industry. The new standards are found in card elements under the following modules:

1 – MANAGEMENT COMMITMENT

2 – PROGRAM SETUP AND ADMINISTRATION

3 – TRAINING

6 – TRANSACTION SCREENING

10 – RECORDKEEPING

11 – AUDITS AND ASSESSMENTS

12 – HANDLING VIOLATIONS

STD SOURCE: Compliance Guidance for the Virtual Currency Industry (10/15/21), available at https://ofac.treasury.gov/recent-actions/20211015