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NEWS: Crypto exchange BitMEX fined $100M for ‘ignoring AML laws to boost revenue’

Premium January 16, 2025
AML Bitcoin CEO convicted of $2M fraud and money laundering scheme

Representations of cryptocurrencies are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration

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NEWS: Deutsche Bank informs regulators about potential sanctions breaches following review by lender’s compliance task force

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ANALYSIS: Is AMLA fit for purpose in the face of deregulation, putting extra burdens on business as security challenges mount?

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NEWS: Norway’s supervisor finds ‘serious deficiencies’ in Svenska Handelsbanken’s AML processes

By Jonathan Stempel 

THE cryptocurrency exchange BitMEX has been fined $100 million for deliberately ignoring U.S. AML laws in order to boost revenue, the U.S. Department of Justice has said.

BitMEX, also known as HDR Global Trading, was sentenced by U.S. District Judge John Koeltl in Manhattan, after pleading guilty last July.

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Premium

NEWS: Deutsche Bank informs regulators about potential sanctions breaches following review by lender’s compliance task force

 Premium

ANALYSIS: Is AMLA fit for purpose in the face of deregulation, putting extra burdens on business as security challenges mount?

 Premium

NEWS: Norway’s supervisor finds ‘serious deficiencies’ in Svenska Handelsbanken’s AML processes

Regulatory Watch News

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    HKMA

    The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to the press release issued by the bank listed below relating to fraudulent websites, internet banking login screens, phishing emails or other scams, which has been reported to the HKMA. Hyperlink to the press release is available on the HKMA website.  

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    The Hongkong and Shanghai Banking Corporation Limited Phishing instant messages
     

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