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Silvergate Capital controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2024

    Anti-money-laundering and transaction-monitoring enforcement

    The Federal Reserve Board and California Department of Financial Protection and Innovation cited deficiencies in Silvergate's internal transaction-monitoring and compliance systems. The SEC separately alleged that Silvergate Capital misled investors about the effectiveness of its anti-money-laundering program and its handling of suspicious transfers involving FTX and related entities. Silvergate settled the SEC case without admitting or denying the allegations.

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