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NEW YORK FINANCIAL REGULATOR SAYS PAXOS TRUST REACHES $48.5 MILLION SETTLEMENT OVER ANTI-MONEY LAUNDERING AND DILIGENCE FAILURES RELATED TO BINANCE –

2025-08-07 14:42:25

NEW YORK FINANCIAL REGULATOR SAYS PAXOS TRUST REACHES $48.5 MILLION SETTLEMENT OVER ANTI-MONEY LAUNDERING AND DILIGENCE FAILURES RELATED TO BINANCE –

Main Idea

The New York financial regulator announced that Paxos Trust has reached a $48.5 million settlement.

Key Points

1. Paxos Trust has agreed to a $48.5 million settlement with the New York financial regulator.

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