Crypto Token Tracker logo Crypto Token Tracker logo
CoinOtag 2024-07-11 07:20:46

BitMEX Admits to Violating Banking Secrecy Act: Implications for the Crypto Industry

The U.S. Department of Justice (DOJ) announced on Wednesday that BitMEX has admitted to violating the Bank Secrecy Act (BSA). The Seychelles-based cryptocurrency exchange failed to implement adequate Know Your Customer (KYC) and Anti-Money Laundering (AML) programs between September 2015 and September 2020. The DOJ has charged four BitMEX employees with violating the BSA, highlighting

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.