OCC lifts AML-related consent order against Anchorage Digital Bank
The Office of the Comptroller of the Currency has terminated a 2022 consent order against cryptocurrency custody bank Anchorage Digital Bank.
The order was tied to Anchorage’s “failure to adopt and implement a compliance program” in accordance with anti-money laundering standards. The OCC said it lifted the order after determining that the bank’s “compliance with laws and regulations does not require the continued existence of the order.”
“With our consent order lifted, we’ve proven definitively that crypto and federal oversight are not mutually exclusive — and can in fact be stronger working in tandem,” Anchorage co-founder and CEO Nathan McCauley wrote in a blog post.
Anchorage recruited Julie L. Williams, former Acting Comptroller of the Currency, to its board just months after the order was issued.