Category: violating
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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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Hong Kong’s privacy watchdog accuses Worldcoin of violating data laws
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Hong Kong’s privacy regulator found Worldcoin to be in violation of local privacy laws, and asked the Worldcoin Foundation to cease all operations in the region. Worldcoin, an iris biometric cryptocurrency startup co-founded by OpenAI CEO Sam Altman, has found itself embroiled in a controversy over data collection practices in…
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Hong Kong’s privacy watchdog accuses Worldcoin of violating data laws
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Hong Kong’s privacy regulator found Worldcoin to be in violation of local privacy laws, and asked the Worldcoin Foundation to cease all operations in the region. Worldcoin, an iris biometric cryptocurrency startup co-founded by OpenAI CEO Sam Altman, has found itself embroiled in a controversy over data collection practices in…