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N.Y. Financial Services Dept.: Superintendent Adrienne A. Harris Secures $48.5 Million Settlement With Paxos Trust Company for Anti-Money Laundering Deficiencies and Diligence Failures With Relation to Binance Partnership
August 08, 2025
ALBANY, New York, Aug. 8 -- The New York State Department of Financial Services issued the following news release on Aug. 7, 2025:

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Superintendent Adrienne A. Harris Secures $48.5 Million Settlement with Paxos Trust Company for Anti-Money Laundering Deficiencies and Diligence Failures with Relation to Binance Partnership

DFS Investigation Found Deficient Transaction Monitoring and Compliance Program Led to Increased Money-Laundering Risk

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