Crypto Exchange BitMEX Pleads Guilty to Violating the Bank Secrecy Act From 2015 to 2020

BitMEX has pleaded guilty to violating the Bank Secrecy Act (BSA), according to a Wednesday announcement from the U.S. Department of Justice (DOJ). According to newly published court documents, the Seychelles-based crypto exchange willfully failed to set up an adequate KYC and anti-money laundering (AML) program at the exchange between September 2015 and September 2020, when the CFTC charged the exchange with offering illicit crypto derivative trading services to U.S. customers and the DOJ charged four of the exchange’s employees with violating the BSA. However, BitMEX also pleaded guilty to lying to a foreign bank as part of its violation of the BSA.

Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!

iOS: https://links.hashd.co/ios

Android: https://links.hashd.co/android