U.S. Treasury fines crypto exchange Bittrex $29 million over years-long sanctions violations

The U.S. Treasury Department fined cryptocurrency exchange Bittrex $29 million for a multi-year sanctions violation.
"Bittrex has agreed to remit $29.2 million, as part of an agreement to settle its potential liability with OFAC, for willful violations of the BSA's anti-money laundering program and SAR requirements," the statement said.
According to the allegations, Bittrex allegedly facilitated $263.4 million in authorized transactions between 2014 and 2017.
Despite blocking sanctioned persons, the company allegedly did not have a sanctioned jurisdictions screening program and did not file any suspicious activity reports with FinCEN until May 2017.