TechFlow news: Cryptocurrency exchange BitMEX admitted on Wednesday to violating the Bank Secrecy Act by failing to establish an adequate anti-money laundering program. The U.S. Attorney’s Office for the Southern District of New York stated that BitMEX's founders and employees acknowledged in 2022 that the company operated in the United States from 2015 to 2020 without complying with anti-money laundering regulations.
BitMEX faces up to five years in prison and fines. This incident underscores once again the importance of cryptocurrency firms adhering to anti-money laundering regulations.




