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

AML, Compliance, Crypto, Financial Crime, Sanctions

NEWS: US Treasury hits Bittrex with $29M (€29.8M) fine for violations of ‘multiple’ sanctions obligations and ‘willful violations’ of Bank Secrecy Act requirements

By Elizabeth Hearst for AMLi

Virtual currency exchange Bittrex has been hit with a $29M (€29.8M) fine for violations of “multiple” sanctions obligations and “willful violations” of the Bank Secrecy Act’s AML and SAR reporting requirements. 

The US Treasury’s Office of Foreign Assets Control (OFAC) and Financial Crimes Enforcement Network (FinCEN) announced they had levied fines for over $24M (€24.7M) and $29M (€29.8M) respectively against the currency exchange. 

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!