Bank Secrecy Act, BitMEX

US says BitMEX fined $100 million for violating Bank Secrecy Act
The cryptocurrency exchange BitMEX has been fined $100 million for violating the federal Bank Secrecy Act by failing to adequately police money laundering, the U.S. Department of Justice said on Wednesday.
Block to pay $80M for violating Bank Secrecy Act, anti-money laundering laws
In a coordinated enforcement action by 48 state financial regulators, Block will pay an $80M fine and undertake corrective action for
BitMEX Fined Additional $100 Million for Violating U.S. Bank Secrecy Act, Bringing Total Penalty to $210 Million
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.
BitMEX Slapped with $100 Million Penalty for Violating Anti-Money Laundering Laws
BitMEX has been fined $100 million for failing anti-money laundering laws and KYC procedures, with founders pleading guilty and emphasizing the need for financial institutions to adhere to such regulations.
BitMEX Fined $100 Million for Violating US Bank Secrecy Act
Pioneering cryptocurrency exchange BitMEX was ordered by a judge to pay a $100 million fine for violating US anti-money laundering law, capping one of the first big criminal enforcement cases targeting the crypto market.
State regulators fine Block Inc $80 million for anti-money laundering violations
Block, Inc has agreed to pay a fine of $80 million to a group of 48 state financial regulators for violations of anti-money laundering laws through its mobile payment service, Cash App. The multi-statement settlement would also see the fintech firm bring in an independent consultant to review its Bank Secrecy Act and anti-money laundering program,
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How Money Laundering Erodes Small Business Operations
Money laundering is often viewed as a problem restricted to large financial institutions or multinational corporations.
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NM to receive $1.6M as part of Cash App settlement
Block violated the Bank Secrecy Act and anti-money laundering laws aimed at safeguarding the financial system from illicit ...
Nevada joins $80 million enforcement against Block Inc over insufficient enforcement
The State of Nevada has joined 47 other regulatory agencies in taking action against Block Inc, the mobile payment service ...
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Wisconsin joins other states to penalize Cash App's parent company; allegedly noncompliant to anti-laundering laws
The State of Wisconsin and 47 other state financial regulatory companies have taken "coordinated action" to a company that ...
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Illinois Joins 47 States in Coordinated Enforcement Action Against Block, Inc. for Alleged BSA and AML Violations
Illinois and 47 other states took coordinated enforcement action against Block, Inc. for BSA and AML regulation breaches ...
ND Department of Financial Institutions joins settlement against Block Inc. Cash App
The North Dakota Department of Financial Institutions has joined 48 other state financial regulatory agencies in taking ...