A U.S. federal court has charged Adam Colin Todd, founder of digital asset exchange Digitex Futures, with violating the Bank Secrecy Act by failing to establish and implement an anti-money laundering program, which left the platform vulnerable to those involved in money laundering and other illegal conduct. abuse.
On February 12, the U.S. Attorney's Office for the Southern District of Florida announced charges against Todd. The case was investigated by the Miami FBI, with Assistant U.S. Attorney Trevor Jones serving as prosecutor. According to the prosecutor's office, Todd operated an unregistered futures platform between January 2018 and April 2022 and intentionally "failed to establish, implement and maintain an appropriate anti-money laundering program, including an appropriate KYC program." . (Cointelegraph)
In July last year, it was reported that a U.S. federal court ordered digital asset exchange Digitex Futures and its founder and CEO Adam Colin Todd to pay more than $15 million in fines for violating the manipulation and registration rules of U.S. regulators.
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