Signature Bank of New York was being investigated by the U.S. Justice Department for its work with crypto purchasers earlier than it was seized by regulators over the weekend, in keeping with a brand new report.
Bloomberg News reported late Tuesday that federal prosecutors had been investigating whether or not the financial institution was taking the required steps to determine potential cash laundering by purchasers. The Securities and Exchange Commission was additionally investigating the financial institution, Bloomberg reported.
It…
Source web site: www.marketwatch.com
