Malta Issues $1.2 Million Fine to OKX for Past AML Failures amid MiCA License

Cryptocurrency exchange OKX is under regulatory scrutiny in Europe after Maltese authorities issued a fine for violations of Anti-Money Laundering (AML) laws. On April 3, Malta’s Financial Intelligence Analysis Unit (FIAU) announced that it had fined OKX’s Europe-based arm, Okcoin Europe, 1.1 million euros ($1.2 million) for multiple AML failures detected in 2023, Cointelegraph reported….