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Reliance on parent company hampered Robinhood Crypto’s compliance program, New York regulators say

Robinhood Crypto LLC was reliant on its parent company and affiliates "for substantial aspects of its compliance program," an approach that led to problems because they had failed to address risks applicable to licensed virtual currency businesses, New York state regulators said today.
The cryptocurrency unit of Robinhood Markets Inc.

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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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