News/BitMEX Co-Founders Arthur Hayes and Benjamin Delo Plead Guilty to Bank Secrecy Act Violations

BitMEX Co-Founders Arthur Hayes and Benjamin Delo Plead Guilty to Bank Secrecy Act Violations

Feb 25,2022,10:10
TokenInsight News, BitMEX co-founders Arthur Hayes and Benjamin Delo pleaded guilty in a New York court to violating the U.S. Bank Secrecy Act by failing to establish and implement an anti-money laundering (AML) program at BitMEX, thereby violating the Bank Secrecy Act (BSA). The U.S. Department of Justice characterized BitMEX as a "money laundering platform" and required Arthur Hayes and Benjamin Delo to pay $10 million each in fines. Previously, in October 2020, the CFTC charged BitMEX with operating without registration and violating U.S. anti-money laundering laws.
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