Silvergate To Pay $63M Over Internal Monitoring 'Deficiencies' <https://www.law360.com/banking/articles/1853984?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-07-02&read_main=1&nlsidx=0&nlaidx=8>
By Aislinn Keely The business behind now-defunct crypto-focused bank Silvergate has agreed to pay $63 million in combined penalties from regulators to settle claims its internal transaction monitoring and risk assessment of its customers, including of collapsed crypto exchange FTX, weren't up to par, regulators announced Monday. 3 documents attached | Read full article » <https://www.law360.com/banking/articles/1853984?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-07-02&read_more=1&nlsidx=0&nlaidx=8> | Save to favorites » <https://www.law360.com/banking/articles/1853984?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-07-02&read_later=1&nlsidx=0&nlaidx=8>
