Published 1 year ago

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.

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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.

1 year ago·India

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Reuters

Signature Bank faced criminal probe ahead of its collapse

1 year 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.

1 year ago·New Delhi, India

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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.

1 year ago·New York, United States

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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 […]

1 year ago·Washington, United States

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The Straits Times

US prosecutors probing collapse of SVB; Signature Bank faced criminal probe ahead of collapse

WASHINGTON – United States prosecutors are investigating the collapse of Silicon Valley Bank (SVB), according to a source familiar with the matter, as scrutiny mounts over its sudden failure and regulators scramble to contain the fallout. Read more at straitstimes.com.

1 year ago·Singapore

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