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”)
Global Cryptocurrency Exchange BitMEX Pleads Guilty To Bank Secrecy Act ...
Jul 10, 2024 · As part of BITMEX’s willful evasion of U.S. AML laws, the company lied to a bank about the purpose and nature of a subsidiary to allow the company to pump millions of dollars through the U.S. financial system.
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 targeting the crypto market.. US District Judge John Koeltl on Wednesday imposed the fine after BitMEX pleaded guilty in July to breaking the Bank Secrecy Act, which requires safeguards that include ...
US Court Slaps BitMEX With $100 Million Fine for AML Failures
3 days ago · BitMEX dismisses the verdict as “old news.” A U.S. federal court has ordered BitMEX to pay a $100 million fine for violating the Bank Secrecy Act, citing failures in anti-money laundering (AML) protocols and know-your-customer (KYC) compliance. Five Years of …
BitMEX fined $100 million by US judge for anti-money laundering ...
4 days ago · Prosecutors accused BitMEX and founders Benjamin Delo, Arthur Hayes and Samuel Reed of willfully violating the Bank Secrecy Act between 2015 and 2020 by failing to adopt anti-money laundering and ...
FinCEN Announces $100 Million Enforcement Action Against …
Aug 10, 2021 · WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has assessed a civil money penalty in the amount of $100 million against BitMEX, one of the oldest and largest convertible virtual currency derivatives exchanges, for violations of the Bank Secrecy Act (BSA) and FinCEN’s implementing regulations.
CFTC Charges BitMEX Owners with Illegally Operating a …
Oct 1, 2020 · The complaint charges BitMEX with operating a facility for the trading or processing of swaps without having CFTC approval as a designated contract market or swap execution facility, and operating as a futures commission merchant by soliciting orders for and accepting bitcoin to margin digital asset derivatives transactions, and by acting as a ...
Third Founder Of Cryptocurrency Exchange Pleads Guilty To Bank Secrecy ...
Mar 9, 2022 · REED not only understood that U.S. customers continued to trade on BitMEX, but derived substantial profits from BitMEX as a result of U.S.-based trading. REED, 32, of Massachusetts, pled guilty to one count of violating the Bank Secrecy Act, which carries a maximum penalty of 5 years in prison.
US Says BitMEX Fined $100 Million for Violating Bank Secrecy Act
4 days ago · NEW YORK (Reuters) - The cryptocurrency exchange BitMEX has been fined $100 million for violating the federal Bank Secrecy Act by failing to adequately police money laundering, the U.S. Department ...
BitMEX hit with additional $100 million fine over Bank Secrecy Act ...
4 days ago · BitMEX parent company HDR Global Trading Inc. will also face a two-year probationary period. Last July, the U.S. Attorney for the Southern District of New York announced the exchange pled guilty to violating the Bank Secrecy Act after “willfully” failing to establish, implement and maintain an adequate anti-money laundering program between ...