According to Bloomberg, OKX's local subsidiary was fined 1.1 million euros (approximately 1.2 million US dollars) by the Malta Financial Intelligence and Analysis Unit (FIAU) this month for violating Malta's anti money laundering regulations. The fine was imposed during an on-site compliance inspection in April 2023, during which multiple violations were discovered, some of which were deemed "serious and systematic" by the authorities. FIAU stated that the business risk assessment conducted by OKX failed to fully identify the potential money laundering risks associated with the products it provides. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=40480