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U.S. bank regulator accuses crypto bank of compliance issues
2022.04.22 00:11
FILE PHOTO: The United States Department of the Treasury is seen in Washington, D.C., U.S., August 30, 2020. REUTERS/Andrew Kelly
WASHINGTON (Reuters) – The Office of the Comptroller of the Currency on Thursday said it plans to start cease and desist proceedings against Anchorage Digital Bank National Association for failing to adopt programs to meet recordkeeping rules and prevent money laundering.
The Sioux Falls, South Dakota-based crypto bank failed to adopt a compliance program that meets their requirements on Bank Secrecy Act and anti-money laundering rules, the OCC said in a statement.
Anchorage Digital, which did not admit or deny the OCC’s findings, did not respond immediately to request for comment.
