Federal Reserve cites significant deficiencies in AML compliance of Bancorp customers

The US Federal Reserve Board found “significant deficiencies” in Risk Management by Customers Bancorp, Inc. and adherence to anti-money laundering (AML) regulations. Those issues, of particular concern to 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 for Federal Reserve action (…)