In an enforcement action filed Thursday
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Aug 9
the Federal Reserve Board of United States said it found "significant deficiencies" in risk management and anti-money laundering law compliance with Customers Bancorp Inc (CUBI.N). The bank, which serves digital asset customers, agreed to submit a written plan to the Federal Reserve to strengthen "board oversight" of its anti-money laundering requirements and sanctions-related rules. Under the agreement, the bank also agreed to submit a plan to improve risk management practices for its "digit...
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