Cease-and-Desist Order Archives

US Fed Issues Cease-and-Desist Order to Crypto-Friendly United Texas Bank Over AML Violations

By Syed Ali Haider9/5/2024

Highlights: The US Federal Reserve ordered United Texas Bank to cease crypto operations due to AML rule violations. United Texas Bank must address governance and AML shortfalls. Enforcement surge fuels “Operation Chokepoint 2.0” speculation. On Sept. 4, the Federal Reserve […]