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AML, Crypto

BitMEX co-founder pleads guilty to AML breaches and fined $10M (€9M)

By Alisha Houlihan for AMLi

BitMEX co-founder Samuel Reed has pleaded guilty to anti-money laundering failures and agreed to pay a $10M (€9M) fine. 

In Manhattan Federal Court, the chief technology officer pleaded guilty to a US law that requires financial institutions to curtail illicit uses of services.

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