Coinbase’s CBPL Fined $4.5M by UK Regulator for Lapses in Onboarding Controls

Coinbase’s CBPL Fined $4.5M by UK Regulator for Lapses in Onboarding Controls

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Source: Coindesk.com

Coinbase's CB Payments Ltd. (CBPL) was fined 3.5 million pounds ($4.5 million) by the Financial Conduct Authority (FCA) for offering services to high-risk customers. Despite the restrictions in place, CBPL onboarded and/or provided e-money services to 13,416 high-risk customers, the FCA said.

CORRECTOIN (July 25, 13:20 UTC): Corrects headline and first

Read More https://www.coindesk.com/business/2024/07/25/coinbases-cbpl-fined-45m-by-uk-regulator-for-money-laundering-lapses/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The post "Coinbase's CBPL Fined $4.5M by UK Regulator for Lapses in Onboarding Controls" appeared first here Coindesk.com.

Source: Coindesk.com

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