Tag: Silvergate Bank
SEC Sues Silvergate Bank for Misleading Statements on AML Program
The U.S. Securities and Exchange Commission (SEC) recently filed a lawsuit against Silvergate Capital Corporation, the parent company of Silvergate Bank, for allegedly not meeting Bank Secrecy Act/anti-money laundering regulations. The SEC also named...
Silvergate Bank Successfully Resolves Federal Reserve Enforcement Action
Silvergate Bank has successfully resolved a Federal Reserve enforcement action after undergoing liquidation to protect its depositors. The action, which began in May 2023, required the bank to wind down its operations in a...
Silvergate Settles SEC Lawsuit for $50M; Faces $63M Fine from Fed and California Regulator
Silvergate Capital recently settled a lawsuit with the SEC for $50 million, while facing additional fines of $63 million from the Federal Reserve and the California Department of Financial Protection and Innovation. The SEC...
