In a significant legal development, HDR Global Trading Ltd., operating under the name BitMEX, has been fined $100 million for violating the Bank Secrecy Act. Attorney for the United States, Matthew Podolsky, announced the sentencing on January 17, 2025, highlighting the company’s willful failure to implement an adequate anti-money laundering (AML) and know-your-customer (KYC) program. […]
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