Main crypto change BitMEX at present introduced its partnership with Eventus Techniques, a software program and compliance agency, which might enable the platform to “bolster” its Anti Cash Laundering (AML) and commerce surveillance monitoring. In keeping with the announcement the agency mentioned:
By way of integrating the Eventus Validus expertise into our current commerce surveillance and AML processes, we can extra effectively display screen out unhealthy actors and improve proactive monitoring for unauthorised buying and selling exercise on the BitMEX platform.
Chief Compliance Officer of 100x Group, the holding construction for HDR International Buying and selling, Malcolm Wright, believed that Eventus would assist BitMEX’s “important” commerce surveillance and AML features and that this might assist the platform mature its crypto-asset compliance capabilities. Wright mentioned in an announcement:
Eventus has in depth experience and expertise not solely with digital asset exchanges but additionally throughout the conventional monetary sector. Selecting Eventus is a part of our ongoing dedication to attain this imaginative and prescient as we execute signature initiatives like our Consumer Verification Programme.
This growth comes a month after the US Commodity Futures Buying and selling Fee (CFTC) filed a civil enforcement motion in opposition to BitMEX’s co-founders Arthur Hayes, Ben Delo, and Samuel Reed. The costs accused them of working an “unregistered buying and selling platform” and for violating CFTC laws which incorporates breaking the anti-money laundering guidelines.
The criticism additional charged BitMEX with violating CFTC guidelines by “failing to implement know-your-customer procedures,” and a buyer info program, and anti-money laundering procedures. It additionally talked about BitMEX’s dad or mum firm, HDR International Buying and selling Restricted, and different corporations equivalent to 100x Holdings Restricted,
In a response to the accusations, BitMEX had known as these fees a “ heavy-handed resolution”, and supposed to defend the allegations “vigorously.” At the moment, BitMEX mentioned that they had all the time sought to adjust to “relevant” US legal guidelines, “as these legal guidelines have been understood on the time and based mostly on out there steerage.”