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NYDFS

Superintendent Adrienne A. Harris Secures $48.5 Million Settlement with Paxos Trust Company for Anti-Money Laundering Deficiencies and Diligence Failures with Relation to Binance Partnership

Read here: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr20250806

$40 Million Settlement with Block, Inc. for Inadequate Anti-Money Laundering Program and Virtual Currency Compliance Failures on Cash App Platform

Read here: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202504101

Consent Order: https://www.dfs.ny.gov/system/files/documents/2025/04/ea20250410-block.pdf

New York State Department of Financial Services on ‘Meme’ coins: Notice Regarding Rapidly Proliferating, Sentiment-Based Virtual Currencies

Read here: https://www.dfs.ny.gov/industry-guidance/industry-letters/il20250114-rapidly-prolif-sentiment-based-vc

$35 Million Settlement for Nordea: Significant Compliance Failures and Inadequate Diligence Over High-Risk Correspondent Banks

Read here: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr20240827

Link to Consent Order: https://www.dfs.ny.gov/system/files/documents/2024/08/ea20240827-co-nordea.pdf

$30 Million Settlement with Industrial and Commercial Bank Of China Ltd (ICBC) Announced for Multiple AML Failures 

Read here: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202401191

Link to Consent Order: https://www.dfs.ny.gov/system/files/documents/2024/01/ea_co_icbc_20240117.pdf

Superintendent Adrienne A. Harris Announces $8 Million Penalty Against Genesis Global Trading, Inc. After DFS Investigation Finds Significant Failings in Anti-Money Laundering and Cybersecurity Programs

Read here: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr2024011224

NYDFS Fines Payoneer for Russia sanctions violations

Read here: https://www.dfs.ny.gov/system/files/documents/2023/11/ea20231102_co_payoneer.pdf

$15 Million Penalty for Metropolitan Commercial Bank for Compliance Deficiencies in Third-Party Debit Card Program

Read here: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202310191

Link to Consent Order: https://www.dfs.ny.gov/system/files/documents/2023/10/ea20231018_co_mcb.pdf

New York’s Proposed Guidance on Assessment of the Character and Fitness of Directors, Senior Officers, and Managers

Read here: https://www.dfs.ny.gov/industry_guidance/industry_letters/il20230509_guidance_assessment_fitness

Robinhood Crypto Pays $30 Million Penalty For Significant Anti-Money Laundering, Cybersecurity & Consumer Protection Violations

Read here: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202208021

Link to Consent Order: https://www.dfs.ny.gov/system/files/documents/2022/08/ea20220801_robinhood.pdf

Announcement Of New DFS Regulatory Guidance On The Issuance Of U.S. Dollar-Backed Stablecoins

Read here: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202206081

Link to industry letter: https://www.dfs.ny.gov/industry_guidance/industry_letters/il20220608_issuance_stablecoins

NYDFS Industry Guidance: Virtual Currency Guidance

Read here: https://www.dfs.ny.gov/industry_guidance/industry_letters/il20220428_guidance_use_blockchain_analytics

NYDFS Imposes Penalty Of $8.25 Million On Moneygram For Compliance Failures: Failure To Properly Supervise Agents Engaging in Suspicious Transactions to China

Read here: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202203161

Actions To Strengthen NYDFS Enforcement Of Sanctions Against Russia – Measures Include Expedited Procurement Of Blockchain Analytics Tools

Read here: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr20220302

NYDFS Issues $35 Million Penalty On National Bank Of Pakistan For Failing To Maintain An Effective And Compliant Anti-Money Laundering Program

Read here: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202202241

Link to Consent Order: https://www.dfs.ny.gov/system/files/documents/2022/02/ea20220216_consent_order_nbp.pdf

NYDFS Announces The Return Of A Nazi Looted Drawing To The Heirs Of Dr. Arthur Feldmann

Read here: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202110141

DFS Announces Grant Of Trust Charter To Standard Custody And Trust Company To Engage In New York’s Growing Virtual Currency Market

Read here: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202105041

New York DFS Issues Report On The Solarwinds Supply Chain Attack

Read here: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202104271

Auto Insurance Industry Letter: Cyber Fraud Alert

Read here: https://www.dfs.ny.gov/industry_guidance/industry_letters/il20210216_cyber_fraud_alert

Superintendent Lacewell Announces That DFS Imposes $150 Million Penalty On Goldman Sachs Group In Connection With Goldman Sachs Bank USA’s Investments In 1MDB

Read here: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202010221

Superintendent Linda A. Lacewell Announces Paypal To Be The First Approved Entity For DFS Conditional Bitlicense

Read here: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202010211

NY DFS Files Statement of Charges Against the Aliera Companies and Trinity Healthshare

Read here: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202010201

Department of Financial Services Calls for Regulation of Social Media Giants After Twitter Hack Investigation

Read here: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202010141

Superintendent Linda A. Lacewell’s Op-Ed In Law360: We Must Hold Banks Accountable To Stop Money Laundering

Read here: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202009291

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