Category: slapped
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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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Binance Slapped With $4.4 Million Fine By Canadian Government
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Canada fined Binance – the world’s largest cryptocurrency exchange – for violating the country’s anti-money laundering rules last year. to General note Published on Thursday, the federal government said Binance had not complied with rules and registrations related to operating as a foreign financial services business (FMSB). Binance was fined…