TechFlow, April 4 — According to Cointelegraph, on April 3, Malta’s Financial Intelligence Analysis Unit (FIAU) announced a fine of €1.1 million (approximately $1.2 million) against Okcoin Europe, the European subsidiary of OKX, due to multiple prior anti-money laundering (AML) violations by the exchange.
While the regulator acknowledged that OKX has significantly improved its compliance posture over the past 18 months, it stated that it could not overlook the platform's "serious and systemic" compliance failures during 2023.
Notably, in January 2025, OKX became one of the first cryptocurrency exchanges to obtain an EU MiCA license through its Maltese operational hub. This penalty comes shortly after Bloomberg reported in March that EU regulators were investigating OKX over allegations of laundering $100 million in funds stolen from Bybit.
