The Federal Reserve and Arkansas State Bank Department have mandated sweeping reforms at Evolve Bank & Trust following significant compliance breaches. The order highlights issues in anti-money laundering efforts and consumer protection, especially in its dealings with fintech companies and prominent crypto players like FTX. Compliance Concerns Trigger Regulatory Action Against Evolve Bank Evolve Bank […]
Source: https://news.bitcoin.com/crypto-friendly-evolve-bank-under-scrutiny-cease-and-desist-order-issued/
Crypto Friendly Evolve Bank Under Scrutiny: Cease and Desist Order Issued
