Anti-Financial Crime & Financial Crime Compliance
Leadership | Insight | Network

AML, Crypto, Fraud, US

Ex-BitMEX CEO faces house arrest over AML charges and slapped with $10M (€9.3M) penalty

By Alisha Houlihan for AMLi

The former CEO and co-founder of cryptocurrency derivatives exchange, BitMEX have been sentenced to serve six months in house arrest for failing to establish a money-laundering prevention program that complied with US law.

Arthur Hayes, who was sentenced at a hearing in federal court in Manhattan on Friday, was also sentenced to two years of probation.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!