Seefinish Insights Trends news knowledge Discovery

ReadR

ReadR

ReadR: Read and Share all content, headlines, news and trends results with Seefinish ReadR App.

Discover Content : Trends

Discover real-time trending topics, news headlines, twitter trends, google trends, hashtags, and content from different countries in the world.

Search Here

Navigation Tabs

Top Countries

Select Country:🌐

Worldwide 🌍 | Nigeria 🇳🇬 | South Africa 🇿🇦 | Kenya 🇰🇪 |Brazil 🇧🇷| Canada 🇨🇦 | United Kingdom 🇬🇧| United States 🇺🇸

See all other continents, locations, categories and associated headlines or trending informations here using

America:
Brazil 🇧🇷| Canada 🇨🇦 | United States 🇺🇸

Africa:
Algeria 🇩🇿 | Egypt 🇪🇬 | Ghana 🇬🇭 | Kenya 🇰🇪 |Morocco 🇲🇦| Nigeria 🇳🇬 | South Africa 🇿🇦 | Zambia 🇿🇲 |

Middle East:
| Israel 🇮🇱|kuwait 🇰🇼 |Saudi Arabia 🇸🇦 |Turkey 🇹🇷| Cyprus 🇨🇾 |

Europe:
Finland 🇫🇮|France 🇫🇷| Hungary 🇭🇺 |Germany 🇩🇪| Italy 🇮🇹 | Poland | Slovakia 🇸🇰 | Switzerland 🇨🇭 | Spain | United Kingdom 🇬🇧

Australia/Oceania: 🌐
Australia 🇦🇺|New Zealand 🇦🇺

Asia:
China 🇨🇳 | Japan 🇯🇵| India 🇮🇳| Malaysia 🇲🇾| Philippines 🇵🇭 | Singapore 🇸🇬 |Thailand 🇹🇭 |

Show more
Show less

Headline : UK fines Coinbase £3.5M for ‘repeated and material breaches’ of financial crime controls

Read more from the original article on here at coingeek.com.





Tags : #uk #fines #coinbase #35m #repeated #material #breaches #financial #crime #controls


No. of Paragraph 41

Home » Business » UK fines Coinbase £3.5M for ‘repeated and material breaches’ of financial crime controls

Coinbase (NASDAQ: COIN) has been fined £3.5 million (US$4.5 million) by the U.K.’s financial watchdog for ignoring anti-money laundering (AML) requirements, even after the digital asset exchange was expressly warned to step up its game.

On July 25, the Financial Conduct Authority (FCA) announced its first enforcement action against a firm “enabling cryptoasset trading.” The FCA imposed the £3.5 million (US$4.5 million) penalty on Coinbase’s U.K. subsidiary for “repeatedly breaching a requirement that prevented the firm from offering services to high-risk customers.”

CB Payments Limited (CBPL) is a Coinbase offshoot that’s “not currently registered to undertake cryptoasset activities in the UK.” Instead, CBPL is an Authorized Electronic Money Institution (AEMI) that enables customers to deposit fiat cash into e-money wallets which can then be used to purchase and exchange tokens via other Coinbase entities.

Read more from the original article on here at coingeek.com.


Related Headlines : UK fines Coinbase £3.5M for ‘repeated and material breaches’ of financial crime controls (in Google.com):

Hello, below you have a "Web" tab to read more content and an "Image" tab to get related pictures

Example : Trends, Country, News, Jobs, Scholarships, Investment, Business, Politics, Adverts, Fashion, Events, Technology and more.