Customers Bancorp – DIGIT INFO

Federal Reserve Cites Significant Deficiencies in Customers Bancorp’s AML Compliance

August 8, 2024 by DIGIT

The U.S. Federal Reserve Board has found “significant deficiencies” in Customers Bancorp, Inc.’s management of risk and adherence to anti-money laundering (AML) regulations. These issues, particularly troubling for the bank known for its crypto-friendly stance, were detailed in an enforcement action filed on Thursday. Kamala’s Crypto Reset: Still Loading… Please Wait The Federal Reserve’s action … Read more

Customers Bank to strengthen AML compliance after Fed scrutiny

August 8, 2024 by DIGIT

The crypto-friendly bank’s activities during the 2023 banking crisis will also be examined. Go to Source

Report: Binance US Struggles to Secure Banking Partner Amid Regulatory Crackdown on Crypto Industry

April 8, 2023 by DIGIT

Following the collapse of Silvergate Bank, Silicon Valley Bank, and Signature Bank, cryptocurrency companies have been seeking new banking partners in the United States. According to a recent report citing “sources familiar with the matter,” Binance US, the American subsidiary of the cryptocurrency exchange, is having difficulty finding a U.S. banking partner. Unnamed Sources Say … Read more