Paxful, a prominent peer-to-peer cryptocurrency marketplace, has been ordered to pay $4 million in penalties following a federal investigation into its compliance practices. Prosecutors alleged that the platform failed to maintain effective anti-money laundering (AML) and know-your-customer (KYC) programs, which allowed the company to profit from facilitating transactions for criminals. According to court filings, the platform’s lax oversight enabled hackers, scammers, and other illicit actors to move funds across the globe under the guise of legitimate peer-to-peer trading. The Department of Justice highlighted that Paxful’s leadership knowingly ignored red flags to prioritize rapid growth and market dominance. This fine is part of a broader crackdown on crypto platforms that bypass the Bank Secrecy Act, signaling a continued push by federal authorities to hold digital asset exchanges accountable for their role in the global financial system.
Sponsored / 広告
Paxful crypto platform fined $4 million after prosecutors say it ‘profited from moving money for criminals’
Regulation & LegalDisclaimer: This content is generated via ZODIAC AI engine for informational purposes. While we strive for accuracy, we do not guarantee the completeness of the information. This is not financial advice. Decisions should be made based on your own judgment.
コメント