News

Cryptocurrency trading platform BitMEX pleaded guilty to violating the Bank Secrecy Act after illegally serving U.S. customers without registering with the Commodity Futures Trading Commission, ACAMS moneylaundering.com reported. More Nordea could incur nearly $1 billion in penalties in Denmark if the Helsinki, Finland-headquartered bank is found guilty of handling billions of dollars' worth of transactions for Russian customers without adequately screening them for anti-money laundering purposes, analysts told Bloomberg. More Germany's Federal Financial Supervisory Authority threatened to fine Berlin-based Solaris, the largest "banking as a service" provider in Europe, for failing to implement mandatory AML upgrades, Reuters reported. More The...