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

The post FED Orders United Texas Bank to Fix AML Deficiencies for Crypto Clients appeared first on Coinpedia Fintech News 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 …