Crypto Exchange OKX Fined $1.2 Million In Malta For Anti-Money Laundering Violations
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Popular crypto exchange OKX has been fined $1.16 million (€1.054 million) in Malta for breaching certain anti-money laundering regulations. This development follows a string of operational and regulatory controversies surrounding the Seychelles-based exchange.
OKX Penalized For Failed 2023 Compliance Test
In a recent report by Bloomberg, the Maltese Financial Intelligence Analysis Unit (FIAU) imposed a million-dollar fine on OKX Europe Limited after results of a 2023 compliance test revealed several failures in the exchange’s anti-money laundering system.
According to a statement by…
