The United States Office of the Comptroller of the Currency has stated that it plans to initiate cease and desist proceedings against Anchorage Digital cryptocurrency custody bank for violating some anti-money laundering requirements.

The OCC announced the news on Thursday. it issued a consent order against Anchorage Digital based on its “failure to adopt and implement a compliance program” in accordance with required Bank Secrecy Act, or BSA, and AML standards. It was the government bureau. Such actions were taken Anchorage Digital, violationIts operating agreement with OCC was established January 20, 211.