BitMEX, one of the world'due south biggest Bitcoin (BTC) trading platforms, continues to strengthen its Anti-Money Laundering measures in the aftermath of its criminal charges in the United States.

According to a Nov. 12 blog mail, BitMEX has partnered with software and compliance firm Eventus Systems to improve its trade surveillance and AML transaction capabilities.

Per the annunciation, Eventus Validus' applied science will be integrated into BitMEX's existing trade surveillance and AML processes in order to provide a "safe and secure trading surroundings" for its users. "Nosotros will be able to more efficiently screen out bad actors and increase proactive monitoring for unauthorized trading activity on the BitMEX platform," the web log post reads.

Malcolm Wright, BitMEX'due south newly hired chief compliance officeholder, noted that the option of Eventus is an of import part of the company'south plans to further develop their compliance capabilities:

"Choosing Eventus is part of our ongoing commitment to achieve this vision as we execute signature initiatives like our User Verification Program."

BitMEX'southward latest AML move is another try to step upward its compliance processes every bit it faces criminal charges by the U.S. Commodity Futures Trading Committee.

On Oct. 1, the CFTC charged derivatives exchange BitMEX with operating an unregistered trading platform and violating AML regulations. Aslope the CFTC'south charges, the Department of Justice also argued that BitMEX failed to implement Know Your Customer and AML programs, violating the Bank Secrecy Human activity.

BitMEX's executives subsequently denied the allegations, claiming that it will continue operating as usual, only the exchange has hired a new chief compliance officer and pushed a new KYC verification programme. Users that do non complete the KYC program volition non be able to withdraw funds from BitMEX afterwards Dec. 4, 2020.