By
Adrianne Appel2025-08-25T18:24:00
Crypto platform and digital bank Anchorage Digital has been freed of a consent order originally issued for anti-money laundering (AML) failures, according to the Treasury’s Office of the Comptroller of the Currency (OCC).
The OCC announced the order terminating the consent agreement on Thursday, saying Anchorage has shown its AML/BSA procedures are now in compliance with OCC standards. However, it did not provide specifics of what had changed.
“The OCC believes that the safety and soundness of the Bank and its compliance with laws and regulations does not require the continued existence of the Order,” according to the termination order.
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
2025-11-04T18:52:00Z By Adrianne Appel
Less than a year after a new rule required more of the U.S.’s biggest banks to draft “recovery” plans in case of failure, the rule is on its way out.
2025-08-15T18:59:00Z By Aly McDevitt
As regulators shift toward rewarding transparency, self-regulation and self-reporting, the way PFS Investments handled a longstanding problem serves as an example of how proactive remediation can turn a costly compliance error into a manageable regulatory outcome.
2025-04-14T12:00:00Z By Adrianne Appel
Any doubts that the new administration will take a light touch to upcoming cryptocurrency regulation vanished with President Donald Trump’s launch of his own stablecoin and his family’s growing investments in crypto businesses.
2026-01-16T20:32:00Z By Oscar Gonzalez
The U.S. Federal Trade Commission finalized its order against General Motors and its OnStar subsidiary over the improper usage of geolocation and driving behavior data of drivers.
2026-01-16T17:49:00Z By Adrianne Appel
Kaiser Health affiliates have agreed to pay more than $556 million to settle allegations originally made by whistleblowers that they ignored compliance department warnings and unlawfully reworked diagnoses for Medicare patients in order to receive higher payments from the federal government.
2026-01-14T23:26:00Z By Neil Hodge
The U.K. government’s spat with Big Tech owner Elon Musk over the more risque capabilities of X’s AI assistant Grok has exposed more cracks than the chatbot was ever meant to.
Site powered by Webvision Cloud