BitMEX has partnered with Chainalysis to increasing screening of illicit activity
BitMEX exchange has partnered with blockchain intelligence provider Chainalysis to bolster our ability to identify, investigate, and stop illicit transactions.
We are enhancing our partnership with leading blockchain intelligence provider Chainalysis to better identify, investigate, and stop illicit transactions. Read more here: https://t.co/AnGzhW4Cr5 pic.twitter.com/kgDJYx6V2l
— BitMEX (@BitMEX) January 12, 2021
“As a responsible player in the crypto space, it’s imperative for us to maintain a well-rounded, agile compliance function to detect bad actors and illicit transactions. Chainalysis offers a highly innovative solution that supports our vigilance to these threats, and we are glad to partner with them.” Malcolm Wright, Chief Compliance Officer of 100x Group said.
Jonathan Levin, Co-founder and Chief Strategy Officer of Chainalysis said: “100x has made great strides with its compliance efforts, and Chainalysis is enhancing their ability to detect and stop illicit transactions on the BitMEX platform. This partnership reflects our dedication to protecting the integrity of exchanges and their users.”
On Oct. 1 last year, the CFTC charged derivatives exchange BitMEX with operating an unregistered trading platform and violating AML regulations. Alongside the CFTC’s charges, the Department of Justice also argued that BitMEX failed to implement Know Your Customer and AML programs, violating the Bank Secrecy Act.
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