PANews reported on January 16 that according to an announcement issued by the Southern District of the U.S. Department of Justice, the cryptocurrency exchange BitMEX was fined $100 million for violating the Bank Secrecy Act (BSA). BitMEX was accused of failing to establish and implement anti-money laundering (AML) and customer identification (KYC) programs, and deliberately circumventing U.S. laws to gain profits. Its founders and executives had previously pleaded guilty, the company pleaded guilty in July 2024, and was sentenced to a fine and two years of probation on January 15, 2025.
Crypto exchange BitMEX fined $100 million by the U.S. Department of Justice for violating bank secrecy laws
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