All stories tagged compliance on VentureGrill.
California regulators have ordered crypto ATM operator CoinFlip to pay $4.8 million in restitution, citing systemic failures to prevent fraud at its kiosks.
Following a $1.21 billion regulatory fine, Bank of America faces calls for a DOJ probe into money laundering failures while simultaneously warning customers about AI agent security risks.
The OCC and CFPB are escalating investigations into account termination policies at major US lenders, signaling a shift in the regulatory climate for the banking sector.
Federal regulators have hit American Express with a massive fine, signaling a tightening of the screws on anti-money laundering compliance for major financial institutions.
Modern Treasury and Rain are seeking national trust bank charters from the OCC, navigating federal oversight amid intense legal challenges from community banking trade groups.
Federal authorities have frozen accounts tied to Capstone, escalating regulatory pressure on the banking channels supporting stablecoin giant Tether.
The CFTC has submitted a proposal to regulate crypto asset markets, marking a significant shift toward federal oversight following the failure of the Clarity Act.
The FDIC is considering an industry-led body to certify fintechs, a move that could standardize risk management and lower the compliance burden for bank partnerships.
The Federal Deposit Insurance Corp. is working to launch an independent standards committee to certify bank-fintech partnerships, a move that could permanently alter the unit economics of the bank-as-a-service sector.