Malta Regulator Penalty Ocs Cripto Exchange 1.2 million dollars for past AML Breach

Cryptocurrenci Exchange OCCS is under regulatory regulatory supervision in Europe after the Maltese authorities released the main fine for violation of the Law on Money Fighting (AML).

Malta’s financial intelligence (FIAU) monetary amount of Europe – ECKS-OCCA-based data – 1.1 million euros (1.2 million euros (1.2 million dollars) after discovering multiple failures of AML on the platform in the past, power announced 3. April.

While he admitted that the OCCC has significantly improved his AML policies in the last 18 months, “his past compliance failures from 2023. years”, some of which were serious and systematic, “the Fiau notice said.

OCCS was among the first cripto exchange to Receive a license Under the new European Markets in crypto-funds (Mića) Regulation through his Malta Hub in January 2025. years.

A $ 1.2 million punishment in Malta came after Bloomberg reported in March that the European Union regulators were executed A $ 100 Million Dollar Wash Ocs From the bag of hack.

The whole Bibit Ben Zhou previously claimed that the OCCS’s Web Proxy allowed hackers to make about 100 million dollars or 40,233 ETRA (El), from $ 1.5 billion That happened in February.

This is a development story and additional information will be added as it becomes available.

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