Source: Coindesk.com
Silvergate Bank's parent company settled charges with the Securities and Exchange Commission, Federal Reserve and California Department of Financial Protection and Innovation alleging it failed to maintain a proper anti-money laundering program and made misleading disclosures about the program's effectiveness. The SEC also charged Silvergate's former executives. Former CEO Alan Lane and former COO Kathleen Fraher agreed
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The post "Crypto-Friendly Silvergate Bank Pays $63M to Settle Charges With SEC, Fed, California Regulator" appeared first here Coindesk.com.
Source: Coindesk.com
