The New York State Department of Financial Services (DFS) has reached a $48.5 million settlement with Paxos Trust Company due to deficiencies in its anti-money laundering (AML) program and failures in due diligence related to its partnership with Binance. Superintendent Adrienne A. Harris announced that Paxos will pay a $26.5 million penalty and invest an […]
Source: https://news.bitcoin.com/paxos-agrees-to-48-5-million-settlement-over-aml-deficiencies-linked-to-binance-partnership/