ICYMI: OCC issues cease and desist order against Anchorage Digital over AML program
The US's national bank regulator is not happy with Anchorage Digital's know-your-customer program.a consent order, citing what it called Anchorage Digital's lax compliance with KYC and anti-money laundering provisions. The order requires Anchorage to cease and desist from those practices and instead institute a revamp and a number of new hires.
The order requires Anchorage to instate a bank secrecy officer to preside over its compliance with the Bank Secrecy Act, the backbone of AML and KYC programs in the US. It also mandates the creation of a compliance committee of at least three members and a review of existing high-risk clients.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
OCC Found Anchorage Failed to Maintain Proper AML RulesThe USOCC found that Anchorage 'failed to adopt' a Bank Secrecy Act compliance program that met federal rules, according to a consent order published Thursday in which Anchorage neither admits nor denies the regulator's findings. nikhileshde reports
Les mer »
Anchorage School District sees student attendance dipStudent attendance levels in Anchorage have dipped dramatically in the pandemic era, but the superintendent wants to reverse that trend.
Les mer »
More than 600,000 air fryers sold at Best Buy recalled because they may catch on firensignia Digital Air Fryers, Insignia Analog Air Fryers and Insignia Digital Air Fryer Ovens are included in the recall.
Les mer »
When the virtual city of Cybertown went dark, its citizens rebuilt itA ’90s digital community comes back from the dead.
Les mer »
The pandemic forced these immigrant-owned businesses to go digital. It's paying offThe pandemic pushed a digital transformation for some of Greater Boston's immigrant-owned businesses.
Les mer »