Regulators in Malta have fined crypto exchange OKX’s European arm, Okcoin Europe, $1.2 million after discovering several anti-money laundering (AML) violations from 2023.
While OKX has improved its AML policies, Malta’s Financial Intelligence Unit (FIAU) could not dismiss its compliance violation from 2023.
MiCA Licensed Exchange Fined for Past Compliance Issues
OKX has come under regulatory fire in Europe after Maltese authorities slapped the exchange with a fine over AML failures that took place in 2023. Malta’s Financial Intelligence Analysis Unit (FIAU) issued a $1.2 million fine to the exchange’s European arm, Okcoin Europe, after identifying multiple AML failures in 2023.
OKX is among the first exchanges to be licensed under the EU’s newly enacted Markets in Crypto-Asset (MiCA) regulation. The exchange received its license through its Maltese-based arm in January 2025.
In an April 3 announcement, the FIAU stated that while OKX significantly improved it
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