Paxful Co-founder Pleads Guilty To AML Violations, Faces Jail Term

Quick Summary:

Department of Justice on Monday, July 8, Paxful co-founder Artur Schaback has pleaded guilty to conspiracy and failing to maintain the platform’s anti-money laundering (AML) program.

As per the latest press release from the U.S.

He will be sentenced later this year on November 4 and faces a maximum penalty of five years in prison.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: IndiaOman

Topics: Paxful US DoJ 24/7 Cryptocurrency News Artur Schaback

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-09 @ 08:42:56 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 331 words

Reading Time: 2 minutes read

Sentences: 31 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21552382

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 32 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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Publication Timezone: GMT +8:00

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Publisher ID: #59

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