Coinbase fined $100M over KYC and AML failures
Coinbase says it will pay $50 million to tie up the investigation and the same amount again to bring its compliance programs up to standard.
Cryptocurrency news by Protos · Protos
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Show Notes
Coinbase has agreed to cough up a total of $100 million to bring an end to an investigation into failures of its anti-money laundering (AML) and know-your-customer (KYC) measures.
The exchange announced on Wednesday that it will pay $50 million to the New York Department of Financial Services (NYDFS) and will invest the same amount in bringing these programs up to standard.
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