Bank Secrecy Act
US anti-money-laundering law; basis of Ben Delo's 2022 guilty plea over BitMEX.
In 2022, the Bank Secrecy Act underpinned Ben Delo's guilty plea over BitMEX's anti-money-laundering failures.
Last refreshed: 3 September 2026 · Appears in 1 active topic
What US law did BitMEX's Ben Delo plead guilty under?
Timeline for Bank Secrecy Act
Mentioned in: Delo's £4m arrived as cash, not crypto
UK Local Elections 2026Background
The Bank Secrecy Act is a United States anti-money-laundering law. It remains relevant because it provides the legal basis for enforcement cases concerning financial controls and reporting failures.
Its application to BitMEX placed the law at the centre of the case against co-founder Ben Delo, who pleaded guilty in 2022 and received 30 months' probation. The case illustrates how the Act can shape liability where an exchange's anti-money-laundering arrangements fail.
What is the Bank Secrecy Act?
Who pleaded guilty under the Bank Secrecy Act in the BitMEX case?
Was Ben Delo pardoned for his Bank Secrecy Act conviction?
