Paxful hit with $4M fine for transmitting funds from criminal offenses

Paxful Holdings has been mandated by a judge to pay a $4 million fine after the company deliberately invited criminals onto its platform and turned a blind eye to their illegal activities. The company ignored anti-money laundering controls such as KYC programs and suspicious activity reports and marketed the lack of security on its platform […] source: https://www.cryptopolitan.com/paxful-transmitting-funds-criminal-offenses/