Anchorage Digital Bank has added and promoted a slew of C-suite executives focused on security and compliance, citing the crypto industry’s “flight to quality” following events such as the crash of FT...
Tag: Secrecy
Crypto Exchange Bittrex Fined $53M for Bank Secrecy Act Violations
United States-based crypto exchange Bittrex will pay $53 million to the Treasury’s department of the U.S. Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN)...
FinCEN fines crypto exchange Bittrex $29 million over Bank Secrecy Act violations
After conducting a civil enforcement investigation, the United States Financial Crimes Enforcement Network (FinCEN) has imposed a monetary penalty against the cryptocurrency exchange Bittrex over viol...
Binance Under Investigation Over Bank Secrecy Act: Report
The Bank Secrecy Act is mostly concerned with anti-money laundering controls “We work with agencies regularly to address any outstanding questions,” Binance spokesperson said US authorities have an on...
Former BitMEX Executive Faces Up to Five Years in Prison After Pleading Guilty to Violating Bank Secrecy Act
A high-ranking BitMEX employee is pleading guilty to violating the US’s Banking Secrecy Act, the latest in a series of legal setbacks for the embattled crypto exchange. In his plea, Gregory Dwyer admi...
BitMEX former executive pleads guilty to violating the Bank Secrecy Act
Another top executive joins three co-founders of the crypto exchange BitMEX, pleading guilty in the United States District Court for the Southern District of New York. The court case under the headlin...
Another BitMEX executive pleads guilty to violating Bank Secrecy Act
BitMEX former executive Gregory Dwyer has pleaded guilty to violating the Bank Secrecy Act, according to the U.S. Attorney for the Southern District of New York. Dwyer, who served as the Head of Busin...
BitMEX Executive Pleads Guilty to Violating Bank Secrecy Act
A high-ranking BitMEX executive, Gregory Dwyer, has pleaded guilty to violating the Bank Secrecy Act. He faces a maximum sentence of up to five years in prison. BitMEX executive Gregory Dwyer has plea...
Former BitMEX Top Exec Pleads Guilty to Bank Secrecy Act Violation
Since 2020, US Authorities have filed numerous charges against BitMEX leadership – and against the platform itself. So far, the three co-founders of the platform have all been sentenced, whether to a ...
Arthur Hayes Avoids Prison for Violating US Bank Secrecy Act
Benjamin Dalo and Sam Reed also pleaded guilty Two other co-founders have also been ordered to pay $10 million each BitMEX was founded in 2014, the parent company is HDR Global Trading Bitmex prime su...
Bitmex Co-Founder Arthur Hayes Avoids Prison for Violating US Bank Secrecy Act – Regulation Bitcoin News
Bitmex co-founder Arthur Hayes is not going to prison for violating the U.S. Bank Secrecy Act. Instead, the former crypto exchange CEO has been sentenced to “six months of home detention and two years...
Bitmex’s Arthur Hayes Requests Leniency, No Jail Time for Violating the US Bank Secrecy Act
Quick take: Bitmex’s founder and former CEO, Arthur Hayes, has requested leniency from the judge handling his court case Mr. Hayes is requesting no jail time and permission to live abroad and travel f...
FinCEN Needs More Oversight But Congress Needs To Fix The Bank Secrecy Act
Natalie Edwards leaves Federal court Wednesday, Jan. 30, 2019, in New York. Edwards, a senior … [+] official at the department’s Financial Crimes Enforcement Network, also known as FinCEN,...
Third BitMEX Co-Founder Pleads Guilty to Violating Bank Secrecy Act
A third founding member of embattled crypto exchange platform BitMEX is pleading guilty to breaking a law that requires financial institutions to help the government detect money laundering. According...
Third BitMEX Founder Samuel Reed Pleads Guilty to Violating Bank Secrecy Act
Samuel Reed – one of three co-founders of the BitMEX crypto exchange – has joined his colleagues Arthur Hayes and Benjamin Delo in pleading guilty to disobeying the Bank Secrecy Act’s anti-money laund...
BitMEX Co-Founder Pleads Guilty to Violating Bank Secrecy Act
Samuel Reed, one of three BitMEX co-founders including Arthur Hayes and Benjamin Delo, has pleaded guilty to violating the United States’ Bank Secrecy Act. The BitMEX co-founder pled guilty to one co...
BitMEX Co-founder Pleads Guilty to US Bank Secrecy Act Violations
Samuel Reed, one of the three co-founders of the cryptocurrency derivatives exchange BitMEX, has pled guilty to bank secrecy act violations, specifically for violating the Bank Secrecy Act (BSA), by w...
BitMEX co-founder Samuel Reed pleads guilty to Bank Secrecy Act violation
advertisement BitMEX co-founder Samuel Reed has pleaded guilty to violating the US Bank Secrecy Act, according to the Department of Justice. The news, revealed Wednesday morning, follows the announcem...
BitMEX Founder Arthur Hayes Pleads Guilty to Violating Bank Secrecy Act
BitMEX co-founders Arthur Hayes and Benjamin Delo have both pleaded guilty to violating the United States Bank Secrecy Act (BSA). As announced in a press release by the Department of Justice, the plea...
Crypto Exchange Bitmex’s Founders Plead Guilty to Bank Secrecy Act Violations – Regulation Bitcoin News
The founders of cryptocurrency derivatives exchange Bitmex, Arthur Hayes and Benjamin Delo, have pled guilty to violations of the U.S. Bank Secrecy Act. “As a result of its willful failure to implemen...
Hayes And Delo, Co-Founders Of BitMEX, Have Pleaded Guilty To Violating The Bank Secrecy Act
The announcement brings to an end a legal chapter that began in the fall of 2020, when Hayes and Delo, as well as co-founder Samuel Reed and BitMEX head of business development Greg Dwyer, were charge...
BitMEX Founders Arthur Hayes and Benjamin Delo Plead Guilty to Violating Bank Secrecy Act
The founders of crypto exchange platform BitMex are pleading guilty to violating a law that requires financial institutions to assist government agencies in detecting money laundering. According to a ...
BitMEX Founders Plead Guilty To Violating Bank Secrecy Law
The US Department of Justice said on Thursday that BitMEX founders had entered a guilty plea to charges of violating the Bank Secrecy Act by failing to set in place an anti-money laundering system. Be...
BitMEX founders plead guilty to Bank Secrecy Act violations
The founders of crypto exchange BitMEX have pled guilty to violating the Bank Secrecy Act after a lengthy litigation process with the U.S. Department of Justice (DOJ). American Arthur Hayes and Britis...
BitMEX Arthur Hayes, Benjamin Delo Plead Guilty to Bank Secrecy Act Violations
The United States Department of Justice (DOJ) has revealed that the founders of the Seychelles-based cryptocurrency exchange BitMEX – Arthur Hayes and Benjamin Delo – had pled guilty of violating the ...
BitMex Founders Plead Guilty to Violating Bank Secrecy Act
BitMex founders Arthur Hayes and Benjamin Delo plead guilty to violating the US Bank Secrecy Act on Thursday. The Department of Justice branded BitMex ‘a money-laundering platform.’ As a consequence o...
BitMEX co-founders Hayes and Delo plead guilty Bank Secrecy Act violations
advertisement The Department of Justice said Thursday that Arthur Hayes and Benjamin Delo, co-founders of the crypto derivatives exchange BitMEX, have pleaded guilty to violating the US Bank Secrecy A...