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crypto

Coinbase to Pay $100 Million Settlement for Violating Anti-Money-Laundering Laws

By
Aidan Ryan
· · Source: The Information

Coinbase will pay a $50 million fine and spend an additional $50 million to improve its compliance procedures after regulators found it let customers open accounts without robust background checks, the New York Department of Financial Services announced Wednesday. “Coinbase failed to build and maintain a functional compliance program that could keep pace with its growth,” Superintendent of...

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