Malta regulator fines OKX crypto exchange $1.2M for past AML breaches

Cryptocurrency 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’s Financial Intelligence Analysis Unit (FIAU) has fined Okcoin Europe — OKX’s Europe-based subsidiary — 1. 1 million euros ($1. 2 million) after detecting multiple AML failures on the platform in the past, the authority announced on April 3 source: https://cointelegraph.com/news/malta-fines-okx-crypto-exchange-1-2-million-aml-breaches?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound