Announcing the fine on Thursday, New York's Department of Financial Services faulted "critical gaps" in the Bank Secrecy Act.

Large or repeated deposits can be reported to the IRS, as required by the Bank Secrecy Act. Unusual patterns may also be ...

Block (NYSE:XYZ) will pay a $40M penalty for failures in its Bank Secrecy Act/Anti-Money Laundering compliance program, the New York State Superintendent of Financial Services Adrienne A. Harris said ...

Regulators said the payment company did not provide sufficient customer identification and monitoring, increasing risk for ...

The co-founders – Arthur Hayes, Benjamin Delo, Samuel Reed and Gregory Dwyer – previously pleaded guilty in 2022 to one count ...

The fentanyl trade is supported by sophisticated money laundering schemes, a new report from the treasury secretary reveals.

"This sends a message to Robinhood, Coinbase, Kraken, Gemini and all of the others that you better have your know-your-customer and anti-money laundering compliance on point," said John Deaton, the ...

(This March 28 story has been corrected to say that the co-founders failed to implement a Bank Secrecy Act-compliant ...

The correspondence shows how a Swiss private bank courted a roster of questionable clients linked to autocratic regimes and ...

The co-founders – Arthur Hayes, Benjamin Delo and Samuel Reed – previously pleaded guilty in 2022 to one count each of ...