Compliance & Anti-Financial Crime
Leadership | Insight | Network

AML, Compliance, Crypto

LATEST: Robinhood Crypto fined $30M (€29.4M) for ‘significant failures’ in AML & cybersecurity

By Elizabeth Hearst for AMLi

Robinhood’s crypto division has been slapped with a $30M (€29.4M) fine for “significant failures” in its anti-money laundering and cybersecurity frameworks.

The New York State Department of Financial Services found Robinhood Crypto failed to maintain “effective and compliant BSA/AML and Cybersecurity programmes, violated critical consumer and reporting requirements and improperly certified compliance.”

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!