The Department of Justice (DOJ) accused the defendants of violating the Bank Secrecy Act and conspiring to violate the Bank Secrecy Act.
“As alleged, these defendants flouted that obligation and undertook to operate a purportedly ‘off-shore’ crypto exchange while willfully failing to implement and maintain even basic anti-money laundering policies. In so doing, they allegedly allowed BitMEX to operate as a platform in the shadows of the financial markets. Today’s indictment is another push by this Office and our partners at the FBI to bring platforms for money laundering into the light,” said Acting Manhattan U.S. Attorney Audrey Strauss in a statement.
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