Former BitMEX Head of Business Development Gregory Dwyer Sentenced to 12-Month Probation After Admitting to AML Violations

Gregory Dwyer, one of the early BitMEX employees, was sentenced to 12 months probation in Manhattan federal court this week after pleading guilty to violating U.S. anti-money laundering rules. Gregory Dwyer, the former head of business development at BitMEX, has been charged by U.S. prosecutors with the exchange's founders for failing to implement anti-money laundering and KYC programs as required by U.S. law. In August of this year, Gregory Dwyer pleaded guilty to violating the Bank Secrecy Act. Under the plea agreement, Gregory Dwyer also agreed to pay a $150,000 fine. In 2021, BitMEX agreed to pay $100 million to settle regulatory lawsuits. The company's three co-founders have been sentenced to varying terms of probation or house arrest over the past year.