United Texas Bank Faces Regulatory Action for AML Failures Linked to ‘Virtual Currency Customers’

Publikováno: 4.9.2024

#Regulation #AML compliance #Cease and Desist #corporate governance #crypto community #enforcement action #Federal Reserve #Texas Department of Banking #United Texas Bank #Virtual Currency

Celý článek

United Texas Bank has been issued a cease and desist order by the U.S. Federal Reserve and the Texas Department of Banking due to significant compliance deficiencies. The bank must take immediate action to rectify issues related to its anti-money laundering (AML) program and corporate governance oversight. Cease and Desist Order for United Texas Bank […]