Robinhood’s crypto unit fined $30 million by New York financial regulator

Author: Yuvi August 3, 2022

Robinhood's Crypto Unit Fined $30 Million By New York Financial Regulator


The New York Department of Financial Services, or NYDFS, has fined the cryptocurrency arm of Robinhood $30 million for anti-money laundering violations, cybersecurity and consumer protection regulations.

NYDFS Superintendent Adrienne Harris announced on Tuesday that Robinhood Crypto will pay a $30 million fine to the state “for major violations in the areas of the Bank Secrecy Act/Anti-Money Laundering Responsibilities” and cybersecurity issues that reportedly hit New York City. violate the rules. Robinhood’s crypto subsidiary, according to Harris, will also be forced to hire an independent consultant to oversee the firm’s compliance and rehabilitation activities.

“As its business grew, Robinhood …

Read the full article on CryptoCurrencyNews.com

Get the latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn how to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms of Use and Disclaimer.

Author: Yuvi

My name is Yuvi, I work as Sub Editor at newscinema.in

3 August, 2022, 11:09 pm

News Cinema on twitter News Cinema on facebook

Wednesday, 3rd August 2022

Latest Web Stories

More Stories
Dailymail.com’s spy reveals ALL from inside the Grammys’ most exclusive parties
Previous Chinese Balloon Incursions Initially Went Undetected
Half a million British homes have worse wifi reception than on Everest, analysis shows
The Most Romantic Outdoor Places in Delhi for the Perfect V-Day Surprise
WA: Witness reports spotting GIANT bull shark day before 16-year-old girl killed
Toxic Fumes Are Released From Burning Train That Derailed in Ohio
Biden’s State of the Union Prep: No Acronyms and Tricks to Conquer a Stutter
Biden’s State of the Union Prep: No Acronyms and Tricks to Conquer a Stutter
Green alternatives to burial and cremation could be on the way
Homeowners share shocking photos of half-finished building work after construction firm went bust
Brooke Boney clashes with Alice Springs business owner behind Facebook page highlighting crime wave
The Nets Wished Upon Stars. Their Dreams Haven’t Come True.
The Capitol fence returns for the State of the Union address
Police Review Board Says Violence During Protests Shows Lack of Training
Lucky Powerball player could win $747 MILLION as jackpot goes up for grabs TONIGHT game abysmal odds
Seat by seat, scientists reveal your risk of dying on an airplane if it crashes
Staring Down Bankruptcy, Bed Bath & Beyond Says It Will Sell Stock
After ANOTHER near miss at a US airport, how can Americans trust their plane journey will be safe?
Long Covid rates could be slashed in half if people ate healthy and exercised
TJ Holmes buys ring and Tiffany chain ‘for Amy Robach’
On Second Thought, St. Andrews Steps Back From Remodel by Swilcan Bridge
Listen to AI-generated Donald Trump read ‘The Three Little Pigs’
Amid Criticism, Elite Crime Teams Dwindled. Then the cities brought them back.
Vox Media Is Raising $100 Million From Penske Media
Queen Letizia and King Felipe of Spain jet off to Angola
The Australian home borrowers who face a 65 percent surge in their mortgage repayments in 2023
Astronauts Relax as Cosmonauts Prep for Cargo Mission
On A Winding Path, Carlos Beltran Will Return To Mets
Police Officer Who Shot a Man in the Back Is Charged With Assault
Police Officer Who Shot a Man in the Back Is Charged With Assault
NFL ‘secrets’ revealed by girlfriend of 49ers star Fred Warner ahead of Super Bowl weekend
Education Issues Vault to Top of the GOP’s Presidential Race
Family who left car in Heathrow’s official zone return to discover vehicle could be written off
Google launches its ChatGPT competitor called Bard
Pair Is Charged With Plotting to ‘Destroy Baltimore’ by Attacking Electrical Grid
Jennifer Lopez seemingly snaps at Ben Affleck at Grammy awards
Breakfast Sandwiches and Fruit Cups Are Recalled Over Listeria Risk
Bruce Springsteen fanzine shuts down after 43 years as his ‘blue collar’ fans became ‘dispirited’
Urfi Javed stuns in whimsical see-through fishnet dress at sister’s birthday celebrations, watch video
‘Border czar’ Harris says private companies have spent $4.2 BILLION investing in Central America
Salman Rushdie Says He Is ‘Lucky’ To Survive Last Year’s Brutal Stabbing
The Premier League’s Charges Against Manchester City Explained