Tag: OKX
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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…
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OKX delists Tether pairs from its European Union-based exchange
OKX, which is one of the biggest crypto exchanges in the world will be removing all its Tether pairs available for European Union customers. The OKX exchange for EU customers is registered in Malta, indicating that Malta is moving towards compliance towards the EU’s new regulations with regard to EU Directive of The Markets in…
