Financial Services Financial Services

Failed Silvergate Bank fined $63 million by US, California regulators over anti-money laundering compliance failures

By Samuel Rubenfeld
  • 02 Jul 2024 01:59
  • 02 Jul 2024 01:59
Silvergate Bank, which failed last year, agreed to pay $63 million to resolve investigations by the US Securities and Exchange Commission, the Federal Reserve and California state regulators into failures in its anti-money laundering compliance program.
Silvergate and its top executives, including the former chief executive, finance chief and chief

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Samuel Rubenfeld


Samuel Rubenfeld is a reporter covering cases of bribery and corruption and some international trade issues. Prior to joining MLex, he was editor of the Kharon Brief, a news and data analysis platform focused on global security issues, including sanctions and export controls. Earlier in his career, Rubenfeld spent about a decade at The Wall Street Journal, including nearly nine years as a reporter covering corporate risk and compliance concerns such as bribery, money laundering, sanctions, terrorist financing and whistleblowers.

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