TexasBank
10,222 views
2 Posts
Hot
Latest
đ¨Â BREAKING NEWS: US Fed Cracks Down on Crypto-Friendly Texas Bank! đ¨
Crypto community, brace yourselves! The US Federal Reserve has just issued a cease-and-desist order to United Texas Bank, citing âsignificant deficienciesâ in their anti-money laundering (AML) compliance related to crypto clients! đŚđĽ
This shocking move targets the bankâs governance, customer due diligence, and monitoring of suspicious activities, especially in their crypto transactions. The Fedâs investigation revealed major lapses, prompting this stringent action. đ
United Texas Bank now has 90 days to submit a comprehensive action plan to address these issues. This plan must include proper staffing and regular reviews to ensure full AML compliance. đľď¸ââď¸
This isnât an isolated incident. Recently, Customers Bank faced a similar crackdown, highlighting the increasing regulatory scrutiny on crypto-friendly banks. Is this part of a broader effort to stifle the crypto industryâs growth in the US? đ¤
Stay tuned as we follow this developing story. What are your thoughts on this regulatory crackdown? Let us know in the comments below! đ
#CryptoRegulation #USFed #TexasBank #AML #CryptoNews
Crypto community, brace yourselves! The US Federal Reserve has just issued a cease-and-desist order to United Texas Bank, citing âsignificant deficienciesâ in their anti-money laundering (AML) compliance related to crypto clients! đŚđĽ
This shocking move targets the bankâs governance, customer due diligence, and monitoring of suspicious activities, especially in their crypto transactions. The Fedâs investigation revealed major lapses, prompting this stringent action. đ
United Texas Bank now has 90 days to submit a comprehensive action plan to address these issues. This plan must include proper staffing and regular reviews to ensure full AML compliance. đľď¸ââď¸
This isnât an isolated incident. Recently, Customers Bank faced a similar crackdown, highlighting the increasing regulatory scrutiny on crypto-friendly banks. Is this part of a broader effort to stifle the crypto industryâs growth in the US? đ¤
Stay tuned as we follow this developing story. What are your thoughts on this regulatory crackdown? Let us know in the comments below! đ
#CryptoRegulation #USFed #TexasBank #AML #CryptoNews
đ¨đđĽđđđđđĄđ đĄđđŞđŚ: đ¨đŚ đđ˛đąđ˛đżđŽđš đĽđ˛đđ˛đżđđ˛ đ§đŽđżđ´đ˛đđ đđżđđ˝đđź-đđżđśđ˛đťđąđšđ đ§đ˛đ
đŽđ đđŽđťđ¸! đ¨
The crypto world is buzzing! The US Federal Reserve has dropped a bombshell by issuing a cease-and-desist order to United Texas Bank due to âserious deficienciesâ in its AML (anti-money laundering) compliance related to crypto clients. đŚđĽ
The bank's governance and monitoring of suspicious crypto activities have come under fire, with the Fed uncovering significant lapses. They now have 90 days to get things in order, including hiring the right staff and ensuring compliance is top-notch! âłđź
This isnât the first of its kind â Customers Bank also faced similar action recently, raising eyebrows across the crypto space. Is this part of a larger effort to tighten the grip on crypto-friendly institutions in the US? đ¤
Weâll be keeping a close eye on this story as it unfolds. What do you think â is this a targeted attack on crypto, or just regulatory housekeeping? Drop your thoughts in the comments below! đ
#CryptoRegulation #Write2Earn! #TexasBank #CryptoNews #BinanceSquareFamily
The crypto world is buzzing! The US Federal Reserve has dropped a bombshell by issuing a cease-and-desist order to United Texas Bank due to âserious deficienciesâ in its AML (anti-money laundering) compliance related to crypto clients. đŚđĽ
The bank's governance and monitoring of suspicious crypto activities have come under fire, with the Fed uncovering significant lapses. They now have 90 days to get things in order, including hiring the right staff and ensuring compliance is top-notch! âłđź
This isnât the first of its kind â Customers Bank also faced similar action recently, raising eyebrows across the crypto space. Is this part of a larger effort to tighten the grip on crypto-friendly institutions in the US? đ¤
Weâll be keeping a close eye on this story as it unfolds. What do you think â is this a targeted attack on crypto, or just regulatory housekeeping? Drop your thoughts in the comments below! đ
#CryptoRegulation #Write2Earn! #TexasBank #CryptoNews #BinanceSquareFamily