Experts of the Maltese body to combat money have revealed violations of the rules for the fight against money laundering (aml) and the verification of “Know your client” (KYC). The total amount of violations amounted to about 18 million euros ($ 20 million), FIAU said.
According to the supervisory authority, in 2023, more than 80% of Okcoin Europe users did not have inspections of Aml and KYC. Among the discovered anomalies, Fiau experts noted inexplicably high jumps in the volume of exchange deposits in a short period of time, as well as sudden bursts of the violent activity of some customers after a period of prolonged inaction.
Moreover, in some cases it was found that the validity of documents confirming the identity of customers, such as identity certificates and passports, were not updated, which means that Okcoin did not take the necessary steps to re -receive relevant and real documents from customers.
Earlier, financial intelligence of the Sweden police department (FIU) qualified all cryptocurrency exchanges as centers for concentrating “professional launders of illegal income.”
Source: Bits
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