FinCEN Announces $100M Enforcement Action Against Unregistered Futures Commission Merchant

On August 10, 2021 FinCEN announced a $100 million enforcement action with the Commodity Futures Trading Commission (CFTC) against BitMEX, a convertible virtual currency (CVC) derivatives exchange, for willful BSA violations.  The civil money penalty is outlined in this consent order, which presents the facts of the case. BitMEX did not admit or deny any of the factual or legal findings or conclusions in the consent order.

Already a member? Log in

NAFCU Members Get More

This page contains member-only content.

Membership is open to all federally insured credit unions in the United States, both federally and state-chartered. Members enjoy:

  • Hundreds of articles and resources
  • Personalized compliance assistance
  • Discounts on top-rated education opportunities
  • Member-only benefits and savings

Interested? Schedule a Customized Membership Webinar

If you are already logged in and believe you should have access to member-only content, please contact us for assistance at