OKX Fined by Malta for Breaching Anti-Money Laundering Rules
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OKX Fined by Malta for Breaching Anti-Money Laundering Rules
Publish date
Apr 4, 0202 - 12:00am
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OKX sanctioned in Malta for AML compliance failures
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“Over the past two years, we have implemented a comprehensive compliance program, including technology upgrades, enhanced monitoring, and robust remediation efforts,” an OKX spokesperson said in a statement, adding that the FIAU had acknowledged that the platform has taken “remedial action out of its own volition.”
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In March, Bloomberg News reported that European Union crypto regulators scrutinized the use of OKX’s Web3 service by hackers to launder proceeds from a $1.5 billion heist on trading platform Bybit. OKX later suspended some of the services the hackers used.
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