Tag: AML

Crypto

NYDFS Fines Robinhood Crypto $30M For BSA/AML Compliance Failures

On By Jaclyn Jaeger

Robinhood Crypto (RHC) has been ordered to pay a $30 million penalty for “significant deficiencies” in its Bank Secrecy Act/anti-money laundering (BSA/AML) compliance program and for cybersecurity violations, said the New York Department of Financial Services. NYDFS discovered RHC’s compliance deficiencies following a supervisory examination and a subsequent investigation. In Read More

NatWest Logo

U.K. Bank NatWest Pleads Guilty to Violating AML Laws

On By CC360 Staff

British Bank National Westminster announced yesterday that it has pleaded guilty to breaching the United Kingdom’s anti-money laundering (AML) laws and will face criminal prosecution and large fines. The bank entered a not guilty plea in a London court on Thursday to three counts of failing to adequately monitor customer Read More