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BitMEX fined $100 million for violating US Bank Secrecy Act

( January 15, 2025, 20:43 GMT | Official Statement) -- MLex Summary: HDR Global Trading, also known as BitMEX, was sentenced to a fine of $100 million for violating the Bank Secrecy Act by willfully failing to establish, implement and maintain an adequate anti-money laundering and know-your-customer compliance program, the US Department of Justice said. BITMEX’s three founders and a top executive, all previously entered guilty pleas for violating the Bank Secrecy Act and were sentenced in 2022. The corporation entered a guilty plea on July 10, 2024.Statement follows below:...

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