The New York State Department of Financial Services has fined Robinhood Crypto $30 million 'for significant failures' in several areas. cryptocurrency bitcoin
Robinhood Crypto Fined $30 Million by New York Regulator for 'Significant Failures' in Multiple Areas
The failures resulted in violations of the department’s Virtual Currency Regulation, Money Transmitter Regulation, Transaction Monitoring Regulation, and Cybersecurity Regulation, the DFS detailed.As its business grew, Robinhood Crypto failed to invest the proper resources and attention to develop and maintain a culture of compliance — a failure that resulted in significant violations of the Department’s anti-money laundering and cybersecurity regulations.
Besides the $30 million penalty, Robinhood Crypto will be required to retain an independent consultant that will perform a comprehensive evaluation of its compliance with the DFS regulations.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Robinhood Crypto Fined $30 Million by New York RegulatorNew York's Department of Financial Services accused the company of 'Significant Anti-Money-Laundering, Cybersecurity, and Consumer Protection Violations.'
Consulte Mais informação »
New York Dept of Financial Services Fines Robinhood Crypto $30MThe New York State Department of Financial Services fined Robinhood’s cryptocurrency trading unit $30 million for alleged violations of anti-money-laundering and cybersecurity regulations. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the penalty. Plus, insights into SEC's fraud charge on Ponzi scheme Forsage and latest on Bitfinext hack laundering suspects 'Razzlekhan' and 'Dutch.'
Consulte Mais informação »
Robinhood’s Crypto Arm Hit With $30 Million Fine By State RegulatorNew York’s financial regulator has fined Robinhood’s cryptocurrency subsidiary $30 million after an investigation.
Consulte Mais informação »
Speed cameras to operate 24/7 in New York City starting todaySpeed cameras around New York City will now run 24 hours a day and seven days a week.
Consulte Mais informação »
Illinois, Pennsylvania, Connecticut, California and New York City settle with Postal Service over cigarettesNew York City and four states that had filed a lawsuit against the Postal Service announced a settlement in which the agency agreed it would destroy packages of cigarettes sent illegally to the U.S. from other countries.
Consulte Mais informação »