BREAKING: FED Charges Cryptocurrency-Friendly Customers Bank for Cryptocurrency Activities
The FED announced that it has taken sanctions against Customers Bank due to “significant deficiencies” in the bank's risk management and anti-money laundering (AML) practices.
The Pennsylvania-based bank, which offers digital asset services and operates a tokenized instant payment platform, was under the spotlight following a recent review by the Federal Reserve.
*This is not investment advice.
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