Just came across a press release on Anchorage Digital’s website. On November 12, it announced that, effective immediately, it would restrict all business involving MEXC Global. The U.S. Treasury had previously designated the exchange a “primary money laundering concern.” FinCEN’s order was due to take effect 30 days after publication, but Anchorage chose to act early rather than wait until the deadline.
The release noted that on November 6, as part of Operation Economic Outcast, FinCEN ordered U.S. financial institutions to stop processing money transfers to and from MEXC Global. The Treasury said the exchange had facilitated at least $16 billion in illicit transactions linked to sanctions evasion involving Iran, North Korea, and Russia, as well as cybercrime.
According to the release, customers should immediately stop sending funds to or receiving funds from MEXC or its affiliates through Anchorage Digital. Requests involving MEXC addresses will be rejected. Activities directly or indirectly related to MEXC will undergo further review, and affected funds and accounts may be temporarily restricted during that review.
CEO and co-founder Nathan McCauley said that, as the first federally chartered crypto bank, compliance is foundational to the platform—not something to address only when a deadline arrives.
#MEXC
The release noted that on November 6, as part of Operation Economic Outcast, FinCEN ordered U.S. financial institutions to stop processing money transfers to and from MEXC Global. The Treasury said the exchange had facilitated at least $16 billion in illicit transactions linked to sanctions evasion involving Iran, North Korea, and Russia, as well as cybercrime.
According to the release, customers should immediately stop sending funds to or receiving funds from MEXC or its affiliates through Anchorage Digital. Requests involving MEXC addresses will be rejected. Activities directly or indirectly related to MEXC will undergo further review, and affected funds and accounts may be temporarily restricted during that review.
CEO and co-founder Nathan McCauley said that, as the first federally chartered crypto bank, compliance is foundational to the platform—not something to address only when a deadline arrives.
#MEXC
