OCC
OCC Finds Anchorage Digital Failed to Maintain Proper AML Rules
Trust company Anchor Digital was cited recently by the Office of the Comptroller of the Currency (OCC) for failing to properly incorporate an anti-money laundering procedure in 2021. CoinDesk Managing Editor for Global Policy and Regulation Nikhilesh De discusses how the firm will comply with the Bank Secrecy Act moving forward.
OCC Finds Anchorage Digital Failed to Maintain Proper AML Rules
The company must appoint a compliance committee and hire a Bank Secrecy Act officer.
Biden Nominates Former Ripple Adviser Barr as Top US Fed Regulator
Obama-era Treasury veteran Michael Barr must still win a difficult Senate confirmation.
Top US Bank Watchdog Warns of Stablecoins' 'Lack of Interoperability'
The OCC's acting chief argues the variation across tokens could create walled gardens.
Wall Street Watchdog Cautions Banks on Trading Crypto Derivatives
OCC Acting Comptroller Michael Hsu said he's working with global regulators to find "a consistent, careful and cautious approach to bank involvement in crypto."
Protego Trust Beefs Up Board by Adding Brian Brooks and Michael Carpenter
The new appointments deepen the digital bank’s expertise in digital assets, regulatory compliance and bank operations as it hopes to become a federally chartered national bank.
SoFi Can Launch Bank Provided It Doesn't Touch Crypto
The student loan and financial service provider cannot "engage in any crypto-asset activities or services," the Office of the Comptroller of the Currency said.
OCC Chief Hsu Says Regulation Could Boost Stablecoin Innovation
Hsu isn't the first watchdog to call for imposing bank-like regulations on stablecoin issuers.
OCC Nominee Omarova Withdraws From Bank Regulator Consideration
Saule Omarova’s nomination was met with hostility from the traditional banking sector.
OCC Highlights Digital Assets in Risk Report for Banks
The Office of the Comptroller of the Currency (OCC) published its Semiannual Risk Perspective report for fall 2021, outlining what the agency sees as the key and emerging risks for banks. CoinDesk’s Nikhilesh De discusses the implications for crypto regulation.
