“Despite the restrictions in place, CBPL onboarded and/or provided e-money services to 13,416 high-risk customers,” the FCA said in a release on Thursday. “Approximately 31 per cent of these customers deposited around USD $24.9 million. These funds were used to make withdrawals and then execute multiple cryptoasset transactions via other Coinbase Group entities, totalling approximately USD $226 million.” Source: https://www.coindesk.com/business/2024/07/25/coinbases-cbpl-fined-45m-by-uk-regulator-for-money-laundering-lapses/?utm_medium=referral&utm_source=rss&utm_campaign=headlines