Robinhood’s cryptocurrency unit fined $30 million for poor anti-money laundering

The cryptocurrency unit of U.S. online brokerage Robinhood Markets was fined $30 million by New York financial regulators on Tuesday for allegedly violating anti-money laundering and cybersecurity rules. Under an order filed Tuesday, the department must hire an independent consultant to oversee compliance… Robinhood disclosed last year that it expects to pay the fine.
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