Coinbase UK Unit Faces $4.5 Million Fine For Violating Financial Crime Condit...
The Financial Conduct Authority (FCA) has slapped the UK subsidiary of Coinbase – CB Payments Limited – with a $4.5 million penalty for breaking a voluntary agreement meant to stop high-risk customers from being onboarded. The FCA brought to light serious problems with the control systems at CBPL. Related Reading: Veteran Trader Champions Bitcoin, Says […]
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Only one week after the legendary Diaz vs. McGregor rematch at UFC 202, it’s time to go at it again. As always, bitcoin remains the best way to bet on sports, including MMA. Let’s take a look at some of the fights. UFC on Fox 21 Bitcoin Betting Picks. UFC Fight Night Vancouver features the return of Paige VanZant after taking time off for ABC’s Dancing with the Stars, as well as Anthony Pettis’ first fight in the featherweight division. To round out the main card is the rematch of Jim Miller vs. Joe Lauzon in a three-round battle. Carlos Condit vs. Demian Maia. Maia is on a five-fight win....
MASAK found Binance Turkey guilty of violating the Law on Prevention of Laundering Proceeds of Crime, also known as the AML Law. The Financial Crimes Investigation Board (MASAK), which serves as Turkey’s financial intelligence unit under the Ministry of Finance and Treasury, found crypto exchange Binance’s Turkey operations guilty of violating laws that intend to prevent the laundering of money acquired through criminal means. According to local news media Anadolu Agency, MASAK carried out an audit of Law No. 5549 on Prevention of Laundering Proceeds of Crime, also known as the AML Law.The....
The Commodity Futures Trading Commission (CFTC) has imposed a $6.5 million fine on Coinbase. The regulator is accusing the Exchange of false or misleading reporting and wash trading, per an official statement. Between 2015 and 2018, according to the CFTC order, a former Coinbase employee engaged in the referenced misconduct on the GDAX platform. The […]
The US Department of Justice said on Thursday that BitMEX founders had entered a guilty plea to charges of violating the Bank Secrecy Act by failing to set in place an anti-money laundering system. Benjamin Delo and Arthur Hayes, two of the co-founders, have agreed to each pay a $10 million fine as part of […]
Larry Dean Harmon, founder and operator of early bitcoin mixing services Helix and Coin Ninja, is being fined $60 million by the U.S. Treasury’s Financial Crimes Enforcement Network (Fincen) for allegedly violating anti-money laundering rules. According to documents published Oct. 19 by Fincen, the fine surrounds the transmission of “at least 356,000 bitcoin transactions through Helix between June 2014 and December 2017” on behalf of criminals using the dark web. Prosecutors allege Harmon was running an unregistered money services business (MSB) in violation of the Bank....