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Shocking: OKX Hit with $1.2M Malta Fine for AML Failures

BitcoinWorld LogoBitcoinWorld20h ago

Shocking: OKX Hit with $1.2M Malta Fine for AML Failures - BitcoinWorld

Quick Summary:

News has broken that OKX has been slapped with a hefty $1.2 million fine by Malta’s Financial Intelligence Analysis Unit (FIAU).

The cryptocurrency world is once again under the regulatory microscope, and this time, it’s OKX exchange in the spotlight.

This penalty stems from a 2023 compliance inspection that unearthed significant anti-money laundering (AML) shortcomings.

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Shocking: OKX Hit with $1.2M Malta Fine for AML Failures - BitcoinWorld (Picture 1)

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Article Details

Author / Journalist: Editorial Team

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-04 @ 12:20:24 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 597 words

Reading Time: 4 minutes read

Sentences: 34 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 27583656

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About BitcoinWorld

BitcoinWorld Logo

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 45 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #121

Publisher Details

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The story "Shocking: OKX Hit with $1.2M Malta Fine for AML Failures" has 597 words across 34 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "Shocking: OKX Hit with $1.2M Malta Fine for AML Failures" was covered 20 hours ago by BitcoinWorld, a news publisher based in India.

How trustworthy is 'BitcoinWorld' news outlet?

BitcoinWorld is a fully independent (privately-owned) news outlet established in 2020 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 45 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #27583656
  • URL: https://chronographically.beamstart.com/news/shocking-okx-hit-with-12m-17437715429442

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