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NYDFS Investigation into Business Operations of Paxos Found Deficient Transaction Monitoring and Compliance Program Led to Increased Money Laundering Risk

Tags: money new
DATE POSTED:August 9, 2025
New York State Department of Financial Services Superintendent Adrienne A. Harris announced that Paxos Trust Company will pay a $26.5 million penalty to New York State for the alleged ‘failure to conduct sufficient due diligence of its former partner, Binance, and systemic failures in Paxos’s... Read More
Tags: money new