🤑 OKX’s Million Dollar Blunder: Money laundering? More like money washing! 🚿

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Oh, the juicy tales from the crypto land! The popular Seychelles-based exchange, OKX, has been caught with its digital pants down in Malta. Slapped with a juicy €1.054 million fine for not playing nice with anti-money laundering rules. 🤭

OKX’s Compliance Test: A Swing and a Miss!

According to the chatty folks at Bloomberg, the Maltese Financial Intelligence Analysis Unit (FIAU) wasn’t too chuffed with OKX Europe Limited’s performance in the 2023 compliance test. It seems OKX’s anti-money laundering system is about as effective as a chocolate teapot. 🍫☕

Turns out, OKX did a little dance called the Business Risk Assessment (BRA) to spot potential dangers. But oh dear, the Maltese regulator found more holes in it than a slice of Swiss cheese. The exchange was supposed to sort out risky coins and check for dirty deeds, but it seems they were too busy counting their crypto to notice. 🪙👀

“And guess what? Half of OKX’s customers were let in without a proper welcome—no Customer Risk Assessment (CRA) in sight! It’s like inviting everyone to a party without checking if they’re wearing shoes. 🥳👞”

After all this tomfoolery, FIAU said, “No more Mr. Nice Guy” and handed OKX a €1.054 million bill. But don’t worry, OKX has been a good crypto exchange and cleaned up its act—sort of. 🧼💰

OKX’s Woes: The Saga Continues…

But wait, there’s more! OKX isn’t just in hot water in Malta. In February, Uncle Sam gave them a $504 million spanking for playing fast and loose with US dollars. And in March, European busybodies started poking around about a $100 million money laundering incident. OKX says, “Nope, not us!” But who knows, maybe they were just trying to help Bybit dry off after the $1.5 billion hack splash. 🛁💦

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2025-04-05 21:43