The discussion will include an overview and analysis of the advisories from the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) and Financial Crimes Enforcement Network (FinCEN); identify who the key players are in ransomware attacks (including which state actors are involved); assess why cryptocurrency is the preferred method of payment; provide insight into how companies should respond if attacked (and what the AML and OFAC risks are to making ransom payments); and delve into the details of a successful prosecution of a ransomware case.