{"id":111102,"date":"2020-11-12T15:51:30","date_gmt":"2020-11-12T12:51:30","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitmex-crypto-exchange-steps-up-aml-and-trade-surveillance-measures\/"},"modified":"2020-11-12T15:51:30","modified_gmt":"2020-11-12T12:51:30","slug":"bitmex-crypto-exchange-steps-up-aml-and-trade-surveillance-measures","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitmex-crypto-exchange-steps-up-aml-and-trade-surveillance-measures\/","title":{"rendered":"# BitMEX crypto exchange steps up AML and trade surveillance measures"},"content":{"rendered":"

“# BitMEX crypto exchange steps up AML and trade surveillance measures <\/strong>”
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BitMEX, one of the world\u2019s biggest Bitcoin (BTC) trading platforms, continues to strengthen its Anti-Money Laundering measures in the aftermath of its criminal charges in the United States.<\/p>\n

According to a Nov. 12 blog post, BitMEX has partnered<\/a> with software and compliance firm Eventus Systems to improve its trade surveillance and AML transaction capabilities.<\/p>\n

Per the announcement, Eventus Validus\u2018 technology<\/a> will be integrated into BitMEX\u2019s existing trade surveillance and AML processes in order to provide a \u201csafe and secure trading environment\u201d for its users. \u201cWe will be able to more efficiently screen out bad actors and increase proactive monitoring for unauthorized trading activity on the BitMEX platform,\u201d the blog post reads.<\/p>\n

Malcolm Wright, BitMEX\u2019s newly hired chief compliance officer, noted that the selection of Eventus is an important part of the company\u2019s plans to further develop their compliance capabilities:<\/p>\n

\u201cChoosing Eventus is part of our ongoing commitment to achieve this vision as we execute signature initiatives like our User Verification Programme.\u201d\u00a0<\/p><\/blockquote>\n

BitMEX\u2019s latest AML move is another effort to step up its compliance processes as it faces criminal charges by the U.S. Commodity Futures Trading Commission.<\/p>\n

On Oct. 1, the CFTC charged derivatives exchange BitMEX with operating an unregistered trading platform and violating AML regulations. Alongside the CFTC\u2019s charges, the Department of Justice also argued that BitMEX failed to implement Know Your Customer and AML programs, violating the Bank Secrecy Act.<\/p>\n

BitMEX\u2019s executives subsequently denied the allegations, claiming that it will continue operating as usual, but the exchange has\u00a0hired a new chief compliance officer and pushed<\/a> a new KYC verification program. Users that do not complete the KYC program will not be able<\/a> to withdraw funds from BitMEX after Dec. 4, 2020.<\/p>\n<\/div>\n

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For forums sites go to Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n

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If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“# BitMEX crypto exchange steps up AML and trade surveillance measures ” BitMEX, one of the world\u2019s biggest Bitcoin (BTC) trading platforms, continues to strengthen its Anti-Money Laundering measures in the aftermath of its criminal charges in the United States. According to a Nov. 12 blog post, BitMEX has partnered with software and compliance firm…<\/p>\n","protected":false},"author":1,"featured_media":111103,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/01681b02-09ed-4e99-8759-f1fe1525dc93.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74859,74993,75422,75141,71391,71511,55229,70934,67874],"class_list":["post-111102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-aml","tag-bitmex","tag-cftc","tag-kyc","tag-department-of-justice","tag-government","tag-law","tag-regulation","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/111102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=111102"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/111102\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/111103"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=111102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=111102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=111102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}