Cryptocurrency exchange KuCoin and two of its founders have been charged with violations of the Bank Secrecy Act. The exchange is accused of skirting U.S. regulations in an effort to quickly ...

US District Judge John Koeltl on Wednesday imposed the fine after BitMEX pleaded guilty in July to breaking the Bank Secrecy Act, which requires safeguards that include verifying customer ...

Bank of America (NYSE:BAC) received a cease-and-desist order from the Office of the Comptroller of the Currency for deficiencies tied to its Bank Secrecy Act and sanctions compliance programs ...

On Jan. 15, 2025, 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. The penalty ...

NEW YORK, Jan 15 (Reuters) - The cryptocurrency exchange BitMEX has been fined $100 million for deliberately ignoring U.S. anti-money laundering laws in order to boost revenue, the U.S. Department ...

The Oregon Division of Financial Regulation (DFR) and 47 state financial regulatory agencies have taken coordinated action against Block Inc., for violations of the Bank Secrecy Act (BSA ...

The $10,000 threshold was created as part of the Bank Secrecy Act, passed by Congress in 1970, and adjusted with the Patriot Act in 2002. The law is an effort to curb money laundering and other ...

Oregon will get a $1.6 million share of an $80 million fine that Cash App parent company Block will pay for violations of bank secrecy and anti-money laundering laws. In addition to the $80 ...

US District Judge John Koeltl on Wednesday imposed the fine after BitMEX pleaded guilty in July to breaking the Bank Secrecy Act, which requires safeguards that include verifying customer ...

BitMEX Fined $100 Million by US Judge for Anti-Money Laundering Violations By Jonathan Stempel NEW YORK (Reuters) - The cryptocurrency exchange BitMEX has been fined $100 million for deliberately ...