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Bitcoinist

2022-11-19 04:59:21

Is Silvergate In Trouble? Why Didn’t KYC And AML Prevent The FTX Fiasco?

Is Silvergate In Trouble? Why Didn’t KYC And AML Prevent The FTX Fiasco?

Did Silvergate let FTX and Alameda share funds and bank accounts? Isn’t that illegal? Also, if one of the objectives of KYC and AML procedures is to stop money laundering, why didn’t Sam Bankman-Fried and company’s actions trigger alarms? They were allegedly doing egregious activities out in the open. Of course, the answer is that

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