Category: AntiMoney
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BitMEX Slapped With $100 Million Fine For Violating Anti-Money Laundering Laws
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BitMEX, the cryptocurrency trading platform, suffered significant losses $100 million fine Because it violates US Anti-Money Laundering (AML) requirements. This penalty arises from the company’s non-compliance with the US Bank Secrecy Act (BSA), which has allowed illegal transactions to take place on its platform for several years. Non-compliance with KYC…
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BitMEX Slapped With $100 Million Fine For Violating Anti-Money Laundering Laws
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BitMEX, the cryptocurrency trading platform, suffered significant losses $100 million fine Because it violates US Anti-Money Laundering (AML) requirements. This penalty arises from the company’s non-compliance with the US Bank Secrecy Act (BSA), which has allowed illegal transactions to take place on its platform for several years. Non-compliance with KYC…
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How A Leading Crypto Exchange Violated Anti-Money Laundering Laws
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Copyright: Shutterstock The cryptocurrency industry has had a turbulent journey, with triumphs and setbacks. One of these setbacks was the high-profile case BitmexBitMEX, a prominent Bitcoin exchange, has found itself at the center of a legal storm over its blatant disregard for anti-money laundering laws. This article delves into the…
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How A Leading Crypto Exchange Violated Anti-Money Laundering Laws
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Copyright: Shutterstock The cryptocurrency industry has had a turbulent journey, with triumphs and setbacks. One of these setbacks was the high-profile case BitmexBitMEX, a prominent Bitcoin exchange, has found itself at the center of a legal storm over its blatant disregard for anti-money laundering laws. This article delves into the…
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TD’s chief compliance officer departs amid US anti-money laundering probe By Reuters
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TORONTO (Reuters) – TD Bank’s chief compliance officer has left the bank, according to an internal memo, as the Canadian lender faces U.S. regulators and the Justice Department in an investigation into its anti-money laundering program. Monica Kowal, who joined the bank in 2017, left the company this week and…
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Binance, KuCoin Cleared by India’s Anti-Money Laundering Regulator
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India’s Financial Intelligence Unit (FIU) has registered Binance and KuCoin, months after banning the cryptocurrency exchanges from operating illegally, Coindesk reported. While KuCoin paid a $41,000 fine and resumed operations, Binance is awaiting a penal decision after a hearing with the Financial Intelligence Unit. Enhance credibility Vivek Agarwal, head of…