Ep15: Coinbase Reaches $100 Million Settlement With New York Regulators Over KYC & Filing Failures.

Coinbase will pay a $50 million fine and invest a further $50 million into strengthening internal compliance programs after regulators found that Coinbase had failed to thoroughly vet new customers. Coinbase settled a case with New York's state financial regulator, the parties announced Wednesday, and will pay a $50 million fine and invest a further $50 million in compliance efforts. Regulators from the New York Department of Financial Services said the company had longstanding failures in its anti-money laundering program. This agreement includes a $50 million penalty and a separate commitment from Coinbase to invest $50 million in our compliance program over two years

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