Signature Bank faced criminal probe ahead of its collapse - Bloomberg News

Summary by Reuters

U.S. prosecutors were investigating Signature Bank's association with crypto clients before regulators suddenly seized the lender last weekend, Bloomberg News reported on Tuesday, citing people familiar with the matter.

Published 3 months ago · New York, United States

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Times of India

Signature Bank faced criminal probe ahead of its collapse

U.S. Justice Department investigators in Washington and Manhattan were examining whether the New York bank took sufficient steps to detect potential money laundering by clients, according to the report.

3 months ago·Mumbai, India

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Reuters

Signature Bank faced criminal probe ahead of its collapse

3 months ago·United Kingdom

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Hindustan Times

Signature Bank investigated for criminal activities prior to collapse

Financial watchdogs and Justice Department officials have repeatedly warned that firms like Signature Bank handling crypto or related cash must be vigilant in identifying customers and ensuring money flows are for legitimate purposes.

3 months ago·New Delhi, India

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The Hill

Signature Bank had criminal investigation looming before it collapsed: report

Authorities were investigating Signature Bank’s work ahead of its shut down on Sunday, according to a Bloomberg report. The report said that the Justice Department’s offices in Manhattan and Washington were investigating whether the bank took enough measures to detect possible money laundering schemes orchestrated by clients, according to people familiar with the matter. Two […]

3 months ago·Washington, United States

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New York Post

Signature Bank probed by feds over money laundering concerns before collapse: report

Federal investigators were reportedly looking into whether Signature Bank was vigilant enough in cracking down on money laundering by its clients.

3 months ago·New York, United States

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Financial Post

Signature Bank faced criminal probe ahead of its collapse

U.S. prosecutors were investigating Signature Bank’s association with crypto clients before regulators suddenly seized the lender last weekend, Bloomberg News…

3 months ago·Canada

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