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Coindesk•8 months ago•
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SEC Sues Silvergate Bank for 'Misleading' AML Practices
🚨 SEC Sues Silvergate Bank for Misleading AML Practices! 🚨 The SEC accuses Silvergate of failing to maintain adequate anti-money laundering programs and misleading investors about their effectiveness. The lawsuit alleges that Silvergate failed to detect nearly $9 billion in suspicious transfers from FTX. This is a major blow to the crypto industry, highlighting the importance of robust AML practices. #SEC #Silvergate #AML #Crypto #FTX #Regulation