FinCEN Assesses $3.5 Million Penalty on Paxful for Facilitating Suspicious Activity Involving Illicit Actors

On December 9^th, 2025, The US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) assessed a $3,500,000 civil money penalty against Paxful, Inc. and Paxful USA, Inc. for willful violations of the Bank Secrecy Act (BSA), the primary U.S. anti-money laundering law that safeguards the financial system from illicit use.

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