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

Crypto, Regulatory, Tech, Technology, US

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

Premium January 16, 2025

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

Premium

NEWS: UK’s SFO starts using ‘Technology Assisted Review’ to analyze documents in fraud cases

 Premium

NEWS: Kyrgyz lender Keremet Bank to appeal after being hit with US sanctions

 Premium

LATEST: Jack Dorsey’s Block hit with $80M penalty for loose AML controls in Cash App

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.

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!

View subscription optionsIf you have an account, log in
Premium

NEWS: UK’s SFO starts using ‘Technology Assisted Review’ to analyze documents in fraud cases

 Premium

NEWS: Kyrgyz lender Keremet Bank to appeal after being hit with US sanctions

 Premium

LATEST: Jack Dorsey’s Block hit with $80M penalty for loose AML controls in Cash App

Regulatory Watch News

  • FCA expands Leeds office, creating new jobs and affirming its commitment to growth in the region

    Financial Conduct Authority

    The Financial Conduct Authority (FCA) has today opened further floor space at its existing base at 6 Queen Street, increasing it by an additional 5,000 square feet.
    First opened in 2022, the FCA’s regional office in Leeds is now a base for over 300 employees, with around 100 more people expected to be welcomed into the additional space this year.

  • The DFSA publishes Whistleblowing Thematic Review

    The Dubai Financial Services Authority (DFSA) has released its Whistleblowing Thematic Review, conducted in 2024 to assess the effectiveness of whistleblowing frameworks across DFSA Regulated Entities. This comprehensive review, which involved surveys, desk-based analysis, and on-site visits, highlights the critical role whistleblowers play in detecting, escalating, and addressing misconduct. It also emphasises the importance of robust whistleblowing policies and procedures in fostering a speak-up culture and promoting ethical behaviour.

  • Lithuania: EPPO uncovers €6 million EU subsidy fraud involving organised crime

    European Public Prosecutor's Office

    (Luxembourg, 16 January 2025) – An organised crime group suspected of misappropriating nearly €6 million in EU structural funds for innovative manufacturing solutions, such as recycled plastics and green concrete, has been the target of large-scale investigative measures led by the European Public Prosecutor’s Office (EPPO) in Vilnius (Lithuania), since early December 2024.

Sign Up To Our Newsletter

Categories

Archived articles

Contact Us