Financial tech company settles with Treasury over Iran sanctions violations

Exodus Movement agreed to pay $3.1 million for servicing customers in Iran and for suggesting ways to obscure their location to avoid restrictions. Treasury further alleged that Exodus customer service agents had actively provided tips on how Iranian users could mask their location by using altered IP addresses and virtual private networks to obtain service, despite the company being prohibited from selling goods, technology or services to Iran under the Iranian Transactions and Sanctions Regulations (Read more at JNS).