The notorious BitMEX cryptocurrency exchange has announced it had signed a partnership agreement with Eventus Systems to support its trade surveillance and anti-money laundering (AML) policy.
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With the partnership, the exchange will be able to more screen out fraud schemes and increase "proactive monitoring for unauthorized trading activity." 100x Group CCO, Malcolm Wright, says the exchange plans to mature its compliance capabilities, with a vision of "leading the industry" on best practice crypto compliance.
"Choosing Eventus is part of our ongoing commitment to achieve this vision as we execute signature initiatives like our User Verification Programme," Wright added.
The partnership with Eventus comes a month after the US watchdog, the US Commodity Futures Trading Commission, filed civil charges against the exchange's executives.
The US Attorney for the District of New York also indicted BitMEX's CEO Arthur Hayes, Ben Delo and Samuel Reed, along with Gregory Dwyer, on federal charges of violating the Bank Secrecy Act and conspiracy to violate the Bank Secrecy Act.
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