OCC lifts AML consent order on Anchorage Digital

Crypto coins

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.

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