US Office of Foreign Assets Control appeals for blockchain analysis tools

The U.S. Workplace of International Belongings Management (OFAC) is trying to bolster its blockchain analytics capabilities, in line with details of a notice revealed by the company.

The physique, which oversees the implementation and enforcement of U.S. worldwide sanctions, indicated it was looking out for “one to 2 instruments that present entry to 5 (5) customers every, both as particular person licenses or one concurrent license.”

The small print have been unveiled in a “sources sought” discover revealed by the company, soliciting bids from unbiased contractors.

As per the phrases of the discover, the company is searching for instruments that can be utilized to “analyze and monitor virtual currency transactions.”


“The Division of the Treasury’s Workplace of International Belongings Management (OFAC) requires a number of industrial on-line blockchain tracing instruments—relying on out there funding. These device(s) will likely be used to organize investigators in OFAC’s Workplace of World Focusing on (OGT) group to research and monitor digital forex transactions, e.g. Bitcoin, with the intention to collect attribution data on concerned events that OGT might placed on the SDN Checklist.”

“These instruments will likely be used particularly to help cyber sanctions implementation undertaken by OFAC. Multiple device is most well-liked, with the intention to corroborate attribution of cyber actors, enough to satisfy authorized necessities to be used as proof in OFAC designations determinations.”

Particular options wished by OFAC embody methods of “deal with clustering, transaction move mapping and graphing, pockets explorer, evaluation of consumer conduct, and change charge, commerce, and market information.”

The discover units a deadline for submissions of Might 25, by which era all contractors are anticipated to have submitted their capabilities statements.

“All accountable sources might categorical their curiosity and supply functionality statements in response to this discover. The deadline for submitting functionality statements in response to the Sources Sought Discover is Might 25, 2021, by 2:00pm EDT.”

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