US EditionU.S. Banking Regulator OCC Lifts Enforcement Order From Anchorage Digital
Anchorage Digital resolved all anti-money laundering compliance issues cited in 2022, investing millions and setting a regulatory standard for federally chartered crypto banks, the OCC said.
- The Office of the Comptroller of the Currency on Thursday ended its 2022 consent order against Anchorage Digital, stating the bank remedied anti-money-laundering shortcomings and no longer requires the order for safety and soundness.
- The order stemmed from findings in April 2022 that Anchorage Digital failed to adopt a Bank Secrecy Act and Anti-Money Laundering-compliant program, citing inadequate suspicious-activity tracking and weak customer due diligence controls.
- After 1,681 days, Nathan McCauley wrote on the company website that 'We have built what has become the world's most regulated digital asset bank'.
- The decision sets a compliance benchmark for federally chartered digital asset institutions, boosting Anchorage Digital's credibility, attracting institutional clients, and enabling stablecoin issuance at scale without state caps.
- Several crypto firms including Circle, Ripple and Paxos are applying for national trust charters as OCC and other regulators relax constraints since President Donald Trump's second administration.
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Bitcoin Ethereum NewsOCC terminates 2022 consent order against Anchorage Digital
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OCC lifts consent order on Anchorage Digital
The U.S. Office of the Comptroller of the Currency (OCC) has lifted its consent order against Anchorage Digital, the first federally chartered crypto bank, as of Thursday, August 21, 2025. Originally issued in April 2022, the order cited Anchorage’s failure to meet federal standards for anti-money-laundering (AML) controls and the Bank Secrecy Act (BSA), pointing to shortcomings in its compliance program. After three years of remediation, the O…
U.S. Regulator Drops Consent Order Against Anchorage Digital Bank - FinanceFeeds
The U.S. Office of the Comptroller of the Currency (OCC) has lifted its 2022 consent order against Anchorage Digital, the country’s first federally chartered crypto bank, after concluding the lender no longer poses compliance risks. The OCC imposed the order under the Biden administration over deficiencies in Anchorage’s anti-money laundering and know-your-customer programs. But in a filing Thursday, the regulator said “the safety and soundness …
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