BankInfoSecurity.com reported about BitMEX that "A high-ranking employee at a cryptocurrency exchange with U.S. operations has pleaded guilty to violating the Bank Secrecy Act [BSA].
The first employee of BitMEX pleaded guilty on Monday to violating US bank secrecy laws by failing to establish an anti-money laundering program, following guilty pleas to the same charge by thecryptocurrency exchange's three co-founders.
Prosecutors said that from 2015 to 2020, Dwyer and BitMEX founders Benjamin Delo, Arthur Hayes and Samuel Reed willfully violated the federal Bank Secrecy Act by failing to adopt anti-money laundering and "know your customer" programs, effectively turning the exchange into a money laundering platform.