EUR/USD 1.15309
0.026%
Gold 4050.88
-1.284%
Oil 83.139
0.594%
USD/JPY 159.176
-0.208%
GBP/USD 1.34761
0.081%
GBP/JPY 214.510
-0.118%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Canadian Public Service Employees Union announced that WestJet flight attendants had issued a 72-hour strike notice. WestJet subsequently issued a 72-hour work stoppage notice.The Iranian Foreign Ministry stated: As the United States continues to violate the June 28 ceasefire agreement, maintains a maritime blockade of Iranian ports and commercial shipping, launches brutal attacks across the country, intensifies economic pressure and illegal threats, and engages in acts of aggression against Iran, our armed forces will continue their defensive and counter-offensive efforts with all their might.According to Sky News: Ukrainian President Zelensky thanked the UAE president for his continued diplomatic efforts in facilitating prisoner exchanges between Russia and Ukraine.According to Sky News: The President of the United Arab Emirates spoke by phone with Ukrainian President Volodymyr Zelensky to discuss the latest developments in the Ukraine crisis and to strengthen cooperation between the two countries.August 2nd - According to an Israeli official, as of August 1st local time, Israel assesses that US President Trump is closer than ever to approving a major military attack on Iran, although the specific plans have not yet been finalized. According to details of the contingency plan disclosed by the official, the US is considering precise and limited strikes against specific Iranian energy facilities. The assessment indicates that the US currently prefers to exclude Israel from the initial phase of the attack. However, Israel believes that a major US attack on Iran could directly trigger Iranian military retaliation, potentially forcing Israel into the conflict and into the fighting. Currently, the Israeli defense apparatus is maintaining a high level of vigilance.

Crypto exchange Bittrex to pay $29-million penalty to U.S. Treasury Department

Skylar Shaw

Oct 12, 2022 15:14

微信截图_20221012105619.png


The cryptocurrency exchange Bittrex Inc. agreed to pay $29 million in penalties for "apparent breaches" of laws against money laundering and sanctions on certain nations, according to the U.S. Treasury Department on Tuesday.


Bittrex has been fined by the Office of Foreign Assets Control (OFAC) and Financial Crimes Enforcement Network (FinCEN) of the Treasury Department, respectively, in amounts of $24 million and $29 million.


However, the settlement stipulates that FinCEN would send $24 million to OFAC after receiving $29 million from Bittrex since some of the breaches are related to the "same underlying behavior" that is the subject of the OFAC investigation.


In reality, Bittrex will have to pay a $29 million fine.


Between March 2014 and December 2017, according to OFAC, Bittrex failed to stop users from accessing its platform from locations in the countries that have been designated as having sanctions, including Cuba, Iran, Sudan, and Syria.


According to FinCEN, their examination revealed that Bittrex did not maintain a successful anti-money laundering program between February 2014 and December 2018.


The report said, "Bittrex's AML policy failed to adequately address the risks connected with the goods and services it provided, particularly cryptocurrencies with greater anonymity.


As the use of cryptocurrencies and other digital assets has increased over the last few years and as they become more entwined with the regulated financial system, authorities are now responsible for assessing risks in a mostly unregulated industry.


Bittrex expressed its "pleasure to have completely addressed" the issue with OFAC and FinCEN on mutually agreed terms in an email statement to Reuters.

Suggestion