In a regulatory filing on September 11, 2019 in anticipation of an initial public offering, San Francisco-based Cloudflare, Inc. disclosed that in May, 2019, it submitted a voluntary self-disclosure to the Office of Foreign Asset Controls of the US Department of the Treasury, in which it reported that some of its products were used by or for the benefit of individuals and entities included in OFAC’s Specially Designated Nationals and Blocked Persons list. Cloudflare further disclosed that a small number of these parties made payments to the company in connection with use of the company’s platform. Cloudflare added that its voluntary disclosure is under review by OFAC.
September 13, 2019
Cloud-based services company discloses possible sanctions violations
Related by Topic
New Post
OFAC issues new basic information FAQ and amends two Cuba-related FAQs
August 28, 2024
News Alert
New Post
U.S. designates nearly 400 individuals and entities in honor of Ukraine’s Independence Day
August 26, 2024
News Alert
New Post
OFAC issues Burma-related general license and updates language in Burma, Sudan, and Ukraine/Russia-related sanctions regulations
August 22, 2024
News Alert