Another top manager of the BitMEX cryptocurrency exchange received a sentence for violating the Bank Secrecy Act. With Benjamin Delo, the court treated gently and assigned him a suspended sentence of 30 months.
How informs edition of CoinDesk, the verdict was announced on June 15. In February, Benjamin Delo pleaded guilty to “willingly failing to develop, implement and maintain anti-money laundering procedures” on the BitMEX exchange.
At the same time, prosecutors demanded a year in prison or a two-year suspended sentence with house arrest for six months for the BitMEX co-founder. A similar punishment was received in May by the former CEO of the exchange, Arthur Hayes.
Judge John Koeltl called the crimes of the case “extremely serious,” especially since the BitMEX co-founder himself was aware of the lack of AML procedures and user identification. However, the judge admitted that the exchange later took all the necessary steps.
“When I look back, I see a fundamental failure in fixing problems in our systems,” Delo said during the meeting.
Case is a British citizen and resides in Hong Kong. The court made concessions and allowed him to return to Hong Kong to serve a suspended sentence. Lawyers were satisfied with the outcome of the case.
Recall that the trial of the head of business development BitMEX Gregory Dwyer (Gregory Dwyer) is scheduled for October this year.
Source: Bits
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