News center > 7*24H News > Featured > Context
OKX formally reaches settlement with the U.S. Department of Justice
Editor
3 hours ago 7,678
Golden Finance reported that according to OKX official news, the OKX Seychelles subsidiary has reached a settlement with an investigation by the US Department of Justice today, acknowledging that due to historically insufficient compliance control, a small number of US customers once had the company's global presence. Transactions were made on the platform. Under the settlement, OKX agreed to pay a $84 million fine and waived about $421 million in revenue received from U.S. clients during that period, most of which came from a few institutional clients. During this settlement, there were no charges regarding damage to customers, no charges were filed against any company employees, and no government supervisors were appointed. OKX said it will strengthen the customer identity identification (KYC) system and customer risk rating (CRR) system, expand and strengthen due diligence (EDD) programs, deploy industry-leading anti-money laundering (AML) and sanctions tools, and has formed for this. A professional survey team of more than 150 people.
Keywords: Bitcoin
Share to: