• About Us
  • Careers
  • Contact
No Result
View All Result
Thursday, October 2, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Market Analysis
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Market Analysis
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result

Malta Regulator Issues $1.2M Fine to OKX Crypto Exchange, Addressing Past Anti-Money Laundering Compliance Failures

4 April 2025
in News
Reading Time: 3 mins read
103 7
Home News

Malta’s Financial Intelligence Analysis Unit (FIAU) has fined OKX €1.1 million ($1.2 million) for anti-money laundering (AML) compliance failures, marking one of the most significant penalties in the cryptocurrency sector.

The fine stems from an April 2023 investigation that revealed deficiencies in OKX’s risk assessment processes and its ability to mitigate money laundering risks effectively. This latest regulatory action underscores Malta’s strict enforcement of financial compliance laws in the crypto industry.

The regulatory environment for cryptocurrency exchanges has intensified globally, with authorities like the U.S. Securities and Exchange Commission (SEC) ramping up enforcement actions against non-compliant entities. In this context, Malta’s actions align with broader efforts to bring transparency and accountability to the crypto market. However, Commissioner Hester Peirce of the United States Securities and Exchange Commission (SEC) has indicated that the current regulatory framework may exclude numerous memecoins from the agency’s purview.

This is not the first time OKX has faced scrutiny in Malta. In March 2024, the Malta Financial Services Authority (MFSA) imposed a €304,000 ($329,000) penalty on OKX’s OKCoin Europe subsidiary for failing to comply with local virtual asset regulations under Article 41 of the Virtual Financial Assets Act. That settlement included a “goodwill” payment and required OKX to appoint an independent third-party service provider to review its governance arrangements. These prior failings highlight a pattern of compliance challenges for OKX in Malta.

The FIAU acknowledged that OKX has significantly improved its AML policies over the past 18 months. However, the authority stated it “could not ignore” the company’s past compliance failures from 2023, “some of which were deemed to be serious and systematic.” In January 2025, OKX became one of the first cryptocurrency exchanges to secure a license under Europe’s Markets in Crypto-Assets (MiCA) regulation through its Malta hub.

Bloomberg reported in March that EU regulators were investigating OKX for laundering $100 million in funds from the Bybit hack. Following this news, a $1.2 million penalty was issued in Malta. Ben Zhou, the CEO of Bybit, previously alleged that OKX’s Web3 proxy was exploited by hackers to launder approximately $100 million, equivalent to 40,233 Ether (ETH), stolen from the $1.5 billion hack that took place in February.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: CryptoMaltaOKX
Share64Tweet40Share11
Previous Post

Bitget Secures El Salvador Crypto Licence

Next Post

Could Dragoin Reach $1 Before Stellar and Hedera? Public Presale Sparks Early Momentum

Bobby Okposin

Bobby Okposin

Related Posts

source: avacloud.io
Crypto

SK Planet to Acquire MOCA Coin, Adopts Decentralized Identity via Moca Network

2 October 2025
source: quark.house
Crime

BNB Chain’s Official X Account Hacked, Airdrop Scam Links Shared

1 October 2025
source: forbes.com
AI

Crypto Needed for AI Agents to Operate in Finance — Coinbase Exec

1 October 2025
source: axios.com
Crypto

House Republicans Probe Deleted SEC Texts From Gary Gensler’s Tenure

1 October 2025

Editors Picks

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

byOlajumoke Oyaleke
15 July 2025
0

Where Are the Ethereum-Killers Now?

Where Are the Ethereum-Killers Now?

byOlayinka Sodiqand1 others
6 January 2025
0

source: investorplace.com

How to Find the Newest Cryptocurrencies Before They’re Listed

byOlayinka Sodiq
30 December 2024
0

Exploring the Role of AI in Enhancing DeFi Security

Exploring the Role of AI in Enhancing DeFi Security

byOlayinka Sodiq
1 October 2024
0

The Ultimate Guide to How NFT Royalties Work

The Ultimate Guide to How NFT Royalties Work

byAdedamola Ojedokun
17 April 2024
0

Read More

Chain of Thoughts

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

byOlu Omoyele
27 September 2025
0

...

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

byOlu Omoyele
30 August 2025
0

...

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Markets Update

What $1 Billion in Liquidations Means for Market Stability

16 hours ago

Why Crypto’s Cross-Chain Future Depends on Regulatory Readiness

1 day ago

MicroStrategy’s Debt-Fueled Bitcoin Buys: Smart Treasury Move or Dangerous Precedent?

1 day ago

XRP Reserves Spiked by 1.2B: What Does This Mean for Market Adoption?

1 day ago

Is Crypto Adoption Strongest Where Fiat Is Weakest?

2 days ago

How Did Hyperliquid Scale to $330B Trading Volume with Only 11 Staff?

2 days ago
Read More

Events

Blockchain Life 2025
Blockchain Life 2025
28 Oct 25

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

Codego Launches Whitelabel Devices Bringing Tokens Into Daily Life

bychainwire
2 October 2025
0

Solo Leveling Levels Up: Korean Billion-Dollar Megafranchise Goes Onchain with Story

bychainwire
1 October 2025
0

SimpleFX Relaunches First Deposit Bonus

bychainwire
1 October 2025
0

TokenFi and New to The Street Announce National Media Partnership to Reach 219M+ Households

bychainwire
1 October 2025
0

BTCC Exchange Announces Triple Global Workforce Expansion at TOKEN2049 Singapore to Power Web3 Evolution

bychainwire
1 October 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Market Analysis
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00