The Office of the Comptroller of the Currency (OCC) announced Thursday it issued a consent order against Anchorage Digital Bank, the first digital asset bank to be issued a charter by the regulator, for deficiencies in its Bank Secrecy Act/anti-money laundering (BSA/AML) compliance program.

Anchorage Digital violated the conditional charter approved by the OCC in 2021 by not meeting BSA/AML requirements laid out by the BSA and enforced by the OCC through its charter as a bank, according to the regulator.

Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...