
Paxos to pay $48 million in New York settlement over AML compliance failures
Key Takeaways Paxos will pay $48.5 million to settle compliance failures with New York regulators related to its partnership with Binance. The company must strengthen its compliance systems after DFS found failures in due diligence and anti-money laundering controls. Share this article Blockchain infrastructure platform Paxos Trust Company has agreed to a $48.5 million settlement…