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A Federal Reserve building with a backdrop of digital cryptocurrency icons and a compliance checklist to represent the regulatory scrutiny on crypto-friendly banks.

US Fed Goes Fater Texas Bank for AML Issues

By Olivier Acuña | TH3FUS3 Chief Editor

The Federal Reserve has issued a cease-and-desist order to United Texas Bank in Dallas for significant AML deficiencies related to crypto clients. The bank has agreed to submit a five-part action plan within 90 days to achieve compliance.

September 5, 2024 10:59 AM

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