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FinCEN Fines Paxful $3.5M for BSA Violations

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FinCEN has fined Paxful $3.5 million for AML compliance failures, including unregistered operations and missing Suspicious Activity Reports. The penalty follows the processing of over $500 million in suspicious crypto transactions. Paxful previously halted operations amid regulatory pressure. The case reflects growing AML enforcement and aligns with global efforts like MiCA to tighten crypto oversight.
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