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Com TW NOw News 2024

Federal Reserve Takes Tougher Action on Client Bank’s Crypto Strategy
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Federal Reserve Takes Tougher Action on Client Bank’s Crypto Strategy

The US Federal Reserve has taken decisive action against Customers Bank, highlighting significant compliance deficiencies in its digital asset strategy and instant payments network. The enforcement action requires the bank to strengthen its anti-money laundering (AML) protocols and mitigate risks associated with its digital asset customers. The move underscores increasing regulatory scrutiny of financial (…)