{"id":126468,"date":"2025-04-04T11:18:54","date_gmt":"2025-04-04T11:18:54","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126468"},"modified":"2025-04-04T11:18:54","modified_gmt":"2025-04-04T11:18:54","slug":"malta-regulator-fines-okx-crypto-exchange-1-2m-for-past-aml-breaches","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126468","title":{"rendered":"Malta regulator fines OKX crypto exchange $1.2M for past AML breaches"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsCryptocurrency exchange OKX is under renewed regulatory scrutiny in Europe after Maltese authorities issued a major fine for violations of Anti-Money Laundering (AML) laws.<br \/>\nMalta\u2019s Financial Intelligence Analysis Unit (FIAU) fined Okcoin Europe \u2014 OKX\u2019s Europe-based subsidiary \u2014 1.1 million euros ($1.2 million) after detecting multiple AML failures on the platform in the past, the authority announced on April 3.<br \/>\nWhile admitting that OKX has significantly improved its AML policies in the past 18 months, the authority \u201ccould not ignore\u201d its past compliance failures from 2023, \u201csome of which were deemed to be serious and systematic,\u201d the FIAU notice said.<br \/>\nOKX was among the first crypto exchanges to receive a license under Europe\u2019s new Markets in Crypto-Assets (MiCA) regulation via its Malta hub in January 2025.<br \/>\nThe news of the $1.2 million penalty in Malta came after Bloomberg in March reported that European Union regulators were probing OKX for laundering $100 million in funds from the Bybit hack.<br \/>\nBybit CEO Ben Zhou previously claimed that OKX\u2019s Web3 proxy allowed hackers to launder about $100 million, or 40,233 Ether (ETH), from the $1.5 billion hack that occurred in February.<br \/>\nThis is a developing story, and further information will be added as it becomes available.<br \/>\nMagazine: Stablecoin for cyber-scammers launches, Sony L2 drama: Asia Express<a href=\"https:\/\/cointelegraph.com\/news\/malta-fines-okx-crypto-exchange-1-2-million-aml-breaches?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsCryptocurrency exchange OKX is under renewed regulatory scrutiny in Europe after Maltese authorities issued a major fine for violations of Anti-Money Laundering (AML) laws. Malta\u2019s Financial Intelligence Analysis&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126468"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126468"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126468\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126468"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}