📢 News Alert! 🚨

🚨Silvergate Capital Corp Reaches $63 Million Settlement in Anti-Money Laundering Case🚨

We wish to inform our stakeholders that Silvergate Capital Corp has reached a settlement with regulatory authorities, agreeing to pay $63 million in relation to allegations of anti-money laundering lapses. This settlement reflects our commitment to compliance and the strengthening of our internal controls.

As a financial institution, we uphold the highest standards of integrity and are dedicated to continually improving our systems to prevent any such occurrences in the future. We appreciate the cooperation of the regulatory bodies and are focused on moving forward with transparency and trust.

For more details, please refer to our official press release.

#SilvergateSettlement #Compliance #FinancialIntegrity