The Seychelles-based exchange has been under severe pressure since the Oct. 1 indictment, when the four executives were charged with violating the Bank Secrecy Act by failing to put an acceptable user identity verification program in place.
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In wake of indictments, BitMEX operator appoints former Börse Stuttgart exec as CEO
Alexander Höptner led Börse Stuttgart as the firm reportedly became European Union’s first traditional exchange operator to become a regulated crypto multilateral trading facility
Höptner led Börse Stuttgart as the firm started offering regulated cryptocurrency trading services inside the European Union, from Germany. The company said it was the European Union's first traditional exchange operator to become a regulated crypto multilateral trading facility.
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BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed were indicted for AML violations (Photo: BitMEX)Following indictments, BitMEX upgrades anti-money laundering compliance
After its three founders were indicted by the U.S. Department of Justice, the exchange announced plans to lead “the industry on best practice crypto-asset compliance.”
The move follows last month’s indictment of now-former BitMEX CEO Arthur Hayes, along with co-founders Benjamin Delo and Samuel Reed (the only one arrested), on charges of violating the Bank Secrecy Act and conspiring to violate the Bank Secrecy Act by failing to put sufficient anti-money-laundering safeguards in place.
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BitMEX hires chief compliance officer following U.S. money laundering charges
Notably, the new compliance officer is expected to bring expertise on the Financial Action Task Force’s recommendations for virtual asset service providers
Global Digital Finance’s Anti-Money Laundering Working Group advisory council Malcolm Wright is now the chief compliance officer of troubled crypto derivatives exchange’s BitMEX operator.
