: Feds were reportedly investigating Signature Bank before its seizure
New York’s Signature Bank was closed by regulators Sunday.
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Signature Bank of New York was being investigated by the U.S. Justice Department for its work with crypto clients before it was seized by regulators over the weekend, according to a new report.
Bloomberg News reported late Tuesday that federal prosecutors were investigating whether the bank was taking the necessary steps to identify potential money laundering by clients. The Securities and Exchange Commission was also investigating the bank, Bloomberg reported.
It…
David Carroll
David Carroll is a Journalist at Flaunt Weekly.