Tag: OKCoin
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OkCoin Europe, now OKX fined €1 million by the FIAU over AML violations
The OKCoin Europe Exchange, now fully rebranded into OKX, has been fined €1,054,269 by the Financial Intelligence Analysis following a list of Anti-Money-Laundering violations. Among these AML violations by the OKCoin exchange include failure to do proper customer review assessments (CRAs) of up to 50% of its clients, failed to do proper due diligence on…