OKX Fined €1.054 Million for Compliance Violations in Malta
- Malta’s Financial Intelligence Analysis Unit fined OKX €1.054 million ($1.155 million) for compliance violations.
- The exchange failed to adequately assess money-laundering and terrorism-financing risks.
- Approximately 50% of customer files reviewed lacked reliable customer risk assessments (CRAs).
- OKX received its EU Markets in Crypto Assets (MiCA) license in Malta earlier this year.
- The MiCA framework aims to reduce financial crimes, including money laundering and terrorist financing.
The FIAU imposed a €1.054 million fine on OKX for significant compliance failures, despite acknowledging improvements over the past 18 months.
Source (2.6)https://dailyhodl.com/2025/04/05/malta-slaps-okx-crypto-exchange-with-1155000-fine-over-anti-money-laundering-violations/?rand=59076
