American cryptocurrency exchange, Coinbase, has agreed to pay $100 million to settle the lapses the New York Department of Financial Services (NYDFS) found in its anti-money laundering (AML), customer due diligence (CDD) and suspicious activity reporting systems.
This is as the state regulator said it found “significant failure” in the exchange’s compliance programme that resulted in the violation of the New York Banking Law and other regulations…
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