Bank Secrecy Act

BitMEX co-founder Ben Delo avoids jail time, gets 30 months of probation
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17 June, 2022

BitMEX co-founder Ben Delo avoids jail time, gets 30 months of probation

Benjamin Delo pleaded guilty to violating the Bank Secrecy Act alongside Hayes and Reed, but despite prosecutors pushing for a...
BitMEX founders ordered to pay $30M fine as ex-CEO Arthur Hayes seeks probation
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9 May, 2022

BitMEX founders ordered to pay $30M fine as ex-CEO Arthur Hayes seeks probation

A New York federal court has ordered the co-founders of BitMEX exchange to pay $30 million in civil monetary penalty...
OCC: Flagship digital currency bank Anchorage Digital failed in its AML requirements
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26 April, 2022

OCC: Flagship digital currency bank Anchorage Digital failed in its AML requirements

The OCC states that the bank failed to meet Bank Secrecy Act requirements and ordered it to appoint a compliance...
BitMEX exec Samuel Reed pleads guilty to Bank Secrecy Act violations, faces 5 years in jail
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15 March, 2022

BitMEX exec Samuel Reed pleads guilty to Bank Secrecy Act violations, faces 5 years in jail

Samuel Reed, along with Arthur Hayes, Benjamin Delo, and Greg Dwyer, are accused of knowingly operating a BTC trading platform...
BitMEX founders admit Bank Secrecy Act violations, pay $20M fines
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25 February, 2022

BitMEX founders admit Bank Secrecy Act violations, pay $20M fines

Arthur Hayes and Benjamin Delo, co-founders of the BitMEX cryptocurrency exchange, have pled guilty to using their platform as a...
US Treasury, FinCEN to crackdown on anonymous digital currency transactions
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7 February, 2022

US Treasury, FinCEN to crackdown on anonymous digital currency transactions

The proposed regulations may mean the end of anonymous digital currency transactions in the United States, and it also implies...
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