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.
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