Aux Cayes FinTech, the operator of OKX, pleaded guilty to violating U.S. anti-money laundering laws and agreed to pay $505 million in fines and forfeitures after admitting to running an unlicensed money-transmitter business. Prosecutors argued that from 2018 to early 2024, OKX facilitated over $5 billion in suspicious transactions and allowed U.S. customers to conduct more than $1 trillion in trades despite policies prohibiting such activity. As part of the settlement, OKX must retain an external compliance consultant through 2027. For the record, OKX attributes its past violations to “legacy compliance gaps.”
OKX Crypto Exchange Pleads Guilty to Violating U.S. Anti Money Laundering Laws
