FED Orders United Texas Bank to Fix AML Deficiencies for Crypto Clients

Fed tightens AML rules for betterment, the Federal Reserve has issued a cease-and-desist order to United Texas Bank, citing “significant deficiencies” in anti-money laundering (AML) compliance related to its crypto customers. The Dallas-based bank has 90 days to submit a detailed action plan to address these issues. This action is part of a broader crackdown … source: https://coinpedia.org/crypto-live-news/fed-orders-united-texas-bank-to-fix-aml-deficiencies-for-crypto-clients/