BitMEX faces an additional $100 million fine for violating the Bank Secrecy Act, following a previous $110 million penalty in July 2024.
Bitmex fined $100M in US money-laundering case after initially facing a $420M demand.
The article discusses the potential benefits of downgrading the Bank Secrecy Act for Bitcoin, suggesting it could serve as a significant reform in the crypto space.
TD Bank has been fined $3 billion by FinCEN for failing to report crypto-related suspicious activities. This is the largest penalty under the Bank Secrecy Act.
Bitmex has pleaded guilty to violating the Bank Secrecy Act by failing to maintain an adequate anti-money laundering program, facilitating large-scale money laundering.
BitMEX executives have pleaded guilty to violating the Bank Secrecy Act, exposing years of inadequate AML policies in the digital asset exchange sector.
BitMEX has pleaded guilty to violating the Bank Secrecy Act from 2015 to 2020 due to inadequate KYC and AML measures.
BitMEX admits guilt for systematic violations of BSA regulation.
Crypto exchange BitMEX pled guilty to violating the Bank Secrecy Act, failing to establish an effective anti-money laundering program.
BitMEX admitted to violating the Bank Secrecy Act due to failing to establish an anti-money laundering program.
BitMEX has confessed to breaching the Bank Secrecy Act, highlighting regulatory challenges in the digital asset space.
Adam Todd, the ex-CEO of Digitex Futures Exchange, pleaded guilty to failing to establish an AML program, which could lead to significant penalties and impact DGTX coin.
Todd, the founder of Digitex, has pleaded guilty to causing his company to violate the Bank Secrecy Act by not implementing an adequate anti-money laundering program.
The former CEO of Digitex, Adam Todd, has admitted to not having an effective anti-money laundering program as required by the Bank Secrecy Act.
Grant Martin, an ex-Compliance Chief at the NY Fed, has joined the Binance.US board, amidst heightened crypto regulation. This comes after Binance CEO CZ left his role following charges of Bank Secrecy Act violations.
The US Treasury and Federal Reserve intend to classify cryptocurrencies as "money" under the Bank Secrecy Act, introducing new reporting requirements for digital assets.
BitMEX pled guilty to violating the Bank Secrecy Act by failing to implement an adequate AML program.
