Prosecutors accused BitMEX and founders Benjamin Delo, Arthur Hayes and Samuel Reed of willfully violating the Bank Secrecy Act between 2015 and 2020 by failing to adopt anti-money laundering and ...

Another user suggested translating the awareness video into multiple Indian languages to reach a broader audience, as scammers often communicate in local languages. Others recommended maintaining a ...

Oregon will get a $1.6 million share of an $80 million fine that Cash App parent company Block will pay for violations of bank secrecy and anti-money laundering laws. In addition to the $80 ...

"We have called for Bank Secrecy Act reforms that allow banks to focus on real threats including fraud, drug and human trafficking, and money laundering, rather than diverting resources to much ...

Finance Minister Serhii Marchenko stands for disclosing bank secrecy for the Tax Service. He announced this on the air of the UT-2 podcast, the Ukrainian News agency reports. "As the Minister of ...

US District Judge John Koeltl on Wednesday imposed the fine after BitMEX pleaded guilty in July to breaking the Bank Secrecy Act, which requires safeguards that include verifying customer ...

Global crypto exchange BitMEX was slapped with a $100 million fine on Wednesday. A Manhattan federal judge confirmed that the exchange violated the Bank Secrecy Act by “willfully failing” to establish ...

The Bank Secrecy Act is a United States federal statute enacted in 1970 to detect and prevent money laundering within financial institutions. The BSA requires financial institutions to keep ...

On Jan. 15, 2025, BitMEX, a prominent cryptocurrency exchange, was ordered to pay an additional $100 million fine for violating the U.S. Bank Secrecy Act (BSA) between 2015 and 2020. The penalty ...

One rule of thumb is to ‘follow the money’. So, the Trump administration should start by disclosing the full extent of US funding of coronavirus research in China. The Tribune, now published ...

US District Judge John Koeltl on Wednesday imposed the fine after BitMEX pleaded guilty in July to breaking the Bank Secrecy Act, which requires safeguards that include verifying customer identities ...