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Advanced SearchViolation Tracker Individual Record
Company: Silvergate Capital Corporation
Penalty: $43,000,000
Year: 2024
Date: July 1, 2024
Offense Group: financial offenses
Primary Offense: anti-money-laundering deficiencies
Mega-Scandal:
Anti-Money Laundering Deficiencies
Violation Description: The Federal Reserve Board fined Silvergate Capital Corporation and Silvergate Bank $43 million for deficiencies in Silvergate's monitoring of transactions in compliance with anti-money laundering laws.
Level of Government: federal
Action Type: agency action
Agency: Federal Reserve
Civil or Criminal Case: civil
Source of Data:
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Archived Source:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.
