BitMEX fined US$100m for wilful lack of AML controls

Cryptocurrency exchange BitMEX was sentenced, on 15 January, to pay a US$100 million criminal fine for "wilfully failing to establish, implement and maintain an adequate anti-money laundering (AML) and know your customer (KYC) program"; it had filed a guilty plea to violating the Bank Secrecy Act (BSA) in July 2024.

Cryptocurrency exchange BitMEX was sentenced, on 15 January [2025], to pay a US$100 million criminal fine for "wilfully failing to establish, implement and maintain an adequate anti-money laundering (AML) and know your customer (KYC) program" [1]; it had filed a guilty plea to violating the Bank Secrecy Act (BSA) in July 2024. [2]