The updated guidance document makes an explicit reference to crypto assets, crypto exchange providers, and custodian wallet providers.
Fintech faces a flurry of changes, LexisNexis Risk Solutions director of financial crime compliance Tracy Manning said.
Russia's invasion of Ukraine triggered a rapid wave of sanctions, bringing challenges for financial services firms looking to stay compliant.
Fueling a renewed bull run, Ukraine used crypto to raise funds, while Russians bought crypto to evade their currency's collapse.