“The company was expert to assess the Nature of Risks Prevalent in the Services It Was Offering, The Financial Intelligence Analysis Unit Said in A Notice.”, – WRITE: www.coindesk.com
The Financial Intelligence Analysis Unit (Fiau) Said the Company Failed to Assess the Money Launding and Finance of Terrorism Risks Emanating from The Products IT DAPERS AN HADATED PARTS Money Laundering and Finance of Terrorism Regulations.
“Regulatory Compliance is a Top Priority for Okx, and We Remain Committed to Meeting and Exceeding Global Regulatory Standards,” Okx Said in A Statement.
The Company Also Said IT Had Addressed Gaps Identified In Its Compliance Framework Following the Authority’s 2023 Review. In the new notice, Fiau Also Commended the Company on Making Significant Improvements Over the Past 18 MONHS.
Okx Secured the Coveted Markets in Crypto Assets License (Mica) from Malta Earlier this Year, WHICH WILL ENABLE IT TO OFFTO CRYPTO SERVICES ACROSS ACROPEAN UNION.
“The Company was expert to assess the Nature of Risks Prevalent in the Services It Was Offering,” The Authority Said in Its Notice.
Fiau Said the Exchange Should Assess Risks Tied to the Use of Stablecoins, Mixers That Obscure The Origins of Transactions, Privacy Coins, Tokens Design.
Okx recently Temporarily Suspended ITS DECENTRALIZED EXCCHANGE AGGREGRAGATOR FORLLOWING REPORTS THAT European REGULATORS HAD BEEN LOOKING AT HOW IT HAD BEEN Used to Launder FROMDS FROM
Bloomberg First Reported the Story.
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