Southern District of New York | Global Cryptocurrency Exchange BitMEX …
4 days ago · Matthew Podolsky, Attorney for the United States, Acting under Authority Conferred by 28 U.S.C. § 515, announced that HDR GLOBAL TRADING LTD., a/k/a “BITMEX”, was sentenced today to a fine of $100 million for violating the Bank Secrecy Act by willfully failing to establish, implement, and maintain an adequate anti-money laundering (“AML”) and know-your-customer (“KYC”)
BitMEX fined $100 million by US judge for anti-money laundering ...
4 days ago · The cryptocurrency exchange BitMEX has been fined $100 million for deliberately ignoring U.S. anti-money laundering laws in order to boost revenue, the U.S. Department of Justice said on Wednesday.
Crypto Exchange BitMEX Hit With $100 Million Fine for US Money ...
4 days ago · BitMEX was hit with a $100 million fine Wednesday by Manhattan federal judge Judge John G. Koeltl—the latest verdict against the cryptocurrency exchange in the years-long saga over money-laundering violations in the United States. The exchange's attorneys had argued that an earlier $110 million ...
BitMEX Fined $100 Million for Violating US Bank Secrecy Act
3 days ago · Pioneering cryptocurrency exchange BitMEX was ordered by a judge to pay a $100 million fine for violating US anti-money laundering law, capping one of the first big criminal enforcement cases ...
Federal Court Orders BitMEX to Pay $100 Million for Illegally …
Aug 10, 2021 · The CFTC complaint charged the entities and founders with operating the BitMEX platform while conducting significant aspects of BitMEX’s business from the U.S. and unlawfully accepting orders and funds from U.S. customers to trade cryptocurrencies, including derivatives on bitcoin, ether, and litecoin.
Global Cryptocurrency Exchange BitMEX Pleads Guilty To Bank …
Jul 10, 2024 · As a result, BitMEX 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 indicates again the need for cryptocurrency companies to comply with U.S. law if they take advantage of the U.S. market.”
FinCEN Announces $100 Million Enforcement Action Against …
Aug 10, 2021 · BitMEX, which operated as an unregistered futures commission merchant (FCM) and provided money transmission services, willfully failed to comply with its obligations under the BSA. FinCEN’s action is part of a global settlement with the U.S. Commodity Futures Trading Commission (CFTC).
Federal Court Orders BitMEX’s Three Co-Founders to Pay a Total …
The CFTC resolved the action against the BitMEX entities through a consent order entered on August 10, 2021, that incorporated a $100 million civil monetary penalty and injunctions against future violations of the CEA and CFTC regulations.
Southern District of New York | Founder And CEO Of Off-Shore ...
May 20, 2022 · As a result of its willful failure to implement AML and KYC programs, BitMEX was in effect a money laundering platform. For example, in May 2018, HAYES was notified of allegations that BitMEX was being used to launder the proceeds of a cryptocurrency hack.
Crypto Exchange BitMEX Fined $100 Million for Anti-Money-Laundering …
3 days ago · Cryptocurrency exchange BitMEX was fined $100 million for failing to maintain an adequate anti-money-laundering and know-your-customer program. The fine imposed on BitMEX on Wednesday was lower ...
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