On Wednesday, the U. S. Department of Justice (DOJ) stated that the cryptocurrency exchange platform BitMEX has agreed to a plea of guilty to flouting the Bank Secrecy Act (BSA).
The Seychelles-based exchange has agreed to the settlement findings. They knowingly did not maintain an adequate KYC/AML program from September 2015 to September 2020.
Global cryptocurrency exchange BitMEX pleads guilty to Bank Secrecy Act offense@NewYorkFBI https://t.co/atA1YhRwrO
— US Attorney SDNY (@SDNYnews) July 10, 2024
At that time, BitMEX permitted users to open accounts and trade without submitting their identification details, thus facilitating money laundering and sanctions evasion.
What are BitMEX’s Legal Proceedings?
In September 2020, the US Commodity Futures Trading Commission (CFTC) accused BitMEX of providing unlawful crypto derivatives to US clients.
At the same time, the DOJ accused four of BitMEX’s executives, including co-founders Arthur Hayes, Samuel Reed, Benjamin D
We współpracy z: https://www.thecoinrepublic.com/2024/07/11/bitmex-faces-guilty-verdict-for-bank-secrecy-act-violation/
