Back to the list

JUST IN: Famous Bitcoin Exchange BitMEX Admitted to the Accusations! Here are the Details…

source-logo  en.bitcoinsistemi.com  + 8 more 10 July 2024 20:13, UTC

The U.S. Department of Justice announced today that cryptocurrency exchange BitMEX was found guilty of violating the Bank Secrecy Act by failing to establish, implement and maintain an adequate anti-money laundering (AML) program, and BitMEX pleaded guilty to that charge.

U.S. Attorney Damian Williams said:

“As BitMEX's founders and longtime employee admitted in federal court in 2022, the company, one of the world's leading cryptocurrency derivatives platforms from 2015 to 2020, operated in the United States without a meaningful anti-money laundering program as required by federal law. also operated.

As a result, BitMEX has opened itself up as a vehicle for large-scale money laundering and sanctions evasion schemes, posing a serious threat to the integrity of the financial system.

“Today's guilty plea shows once again that cryptocurrency companies must comply with US laws if they benefit from the US market.”

*This is not investment advice.


Similar news (8)
Add similar news