NEWS: Crypto firm HAYVN fined $12.45M in Abu Dhabi for AML failures
By PAUL O’DONOGHUE, Senior Correspondent
ABU Dhabi regulators have fined cryptocurrency platform HAYVN Group and its related companies $12.45 million for a serious rule breaches, including failures in anti-money laundering (AML) controls.
They also banned the firm’s former CEO from working in the sector. HAVYN is a promising crypto company which raised $5 million in 2021.
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