Texas Crypto Bank Faces Federal Action: Cease-and-Desist Order for AML Shortcomings
The Federal Reserve recently issued a cease-and-desist order against United Texas Bank, citing major shortcomings in the bank’s compliance with anti-money laundering (AML) laws, particularly in its dealings with cryptocurrency clients. The Federal Reserve Bank of Dallas, in collaboration with the Texas Department of Banking, conducted an examination in May ... Read more
