New York State Department Of Financial

PayPal is pausing work on its stablecoin as regulators increase scrutiny of cryptocurrencies and a key partner in the project faces a probe by the New York State Department of Financial Services. Stablecoins are intended to hold a set value, and some are underpinned by a matching reserve of assets such as cash and bonds.

The New York State Department of Financial Services (NYDFS) has fined Robinhood's crypto arm, Robinhood Crypto, $30 million (roughly Rs. 230 crore) for alleged violations of anti-money-laundering, cybersecurity and consumer protection rules, the regulator said on Tuesday.

The New York State Department of Financial Services on Thursday said Pakistan's Habib Bank had agreed to pay $225 million to settle an enforcement action brought against it for infringing laws designed to combat illicit money transfers.

New York and British authorities on Monday slapped nearly $630 million in fines on German banking giant Deutsche Bank over alleged money laundering in Russia, New York State's Department of Financial Services announced.

The twins announced on Monday that they had received approval from the New York State Department of Financial Service.

The case is more about whether the British bank carried out an old-fashioned cover-up using false records and less about the role the bank played in the alleged money-laundering of funds tied to Iran, according to people familiar with the situation and court documents. The New York Department of Financial Services has ordered the bank to explain wh...

Standard Chartered lost $16 billion in market value on Tuesday as its shares plunged after the New York State Department of Financial Services threatened to cancel the bank's state banking licence. As part of its report, the regulator said the bank's failures included "outsourcing of the entire OFAC compliance process for the New York branch to Che...

StanChart said over 99.9 per cent of its Iran-related business was in compliance with the relevant regulations.

The New York's state regulator has threatened to strip the lender of its state banking licence.

The loss of a New York banking licence would be a devastating blow for a foreign bank, effectively cutting off direct access to the U.S. bank market. Standard Chartered processes $190 billion every day for global clients, the New York bank regulator said.

PayPal is pausing work on its stablecoin as regulators increase scrutiny of cryptocurrencies and a key partner in the project faces a probe by the New York State Department of Financial Services. Stablecoins are intended to hold a set value, and some are underpinned by a matching reserve of assets such as cash and bonds.

The New York State Department of Financial Services (NYDFS) has fined Robinhood's crypto arm, Robinhood Crypto, $30 million (roughly Rs. 230 crore) for alleged violations of anti-money-laundering, cybersecurity and consumer protection rules, the regulator said on Tuesday.

The New York State Department of Financial Services on Thursday said Pakistan's Habib Bank had agreed to pay $225 million to settle an enforcement action brought against it for infringing laws designed to combat illicit money transfers.

New York and British authorities on Monday slapped nearly $630 million in fines on German banking giant Deutsche Bank over alleged money laundering in Russia, New York State's Department of Financial Services announced.

The twins announced on Monday that they had received approval from the New York State Department of Financial Service.

The case is more about whether the British bank carried out an old-fashioned cover-up using false records and less about the role the bank played in the alleged money-laundering of funds tied to Iran, according to people familiar with the situation and court documents. The New York Department of Financial Services has ordered the bank to explain wh...

Standard Chartered lost $16 billion in market value on Tuesday as its shares plunged after the New York State Department of Financial Services threatened to cancel the bank's state banking licence. As part of its report, the regulator said the bank's failures included "outsourcing of the entire OFAC compliance process for the New York branch to Che...

StanChart said over 99.9 per cent of its Iran-related business was in compliance with the relevant regulations.

The New York's state regulator has threatened to strip the lender of its state banking licence.

The loss of a New York banking licence would be a devastating blow for a foreign bank, effectively cutting off direct access to the U.S. bank market. Standard Chartered processes $190 billion every day for global clients, the New York bank regulator said.