U.S. Department Probes Crypto Bank Anchorage Digital
The investigation is reportedly being led by El Dorado Task Force, a specialized DHS unit focused on dismantling transnational money laundering networks. According to sources familiar with the matter, the task force has reached out to former employees of Anchorage to inquire about the firms internal practices and policies related to financial crime compliance. The precise focus and scope of the investigation remain unclear.
Both Anchorage and the DHS declined to comment on the matter when contacted by Barrons.
Leadership Shift Amid Scrutiny
The report also noted a recent leadership shake-up: TuongVy Le, General Counsel at Anchorage, has stepped into an advisory role as she weighs opportunities outside the company.
This is not the first time Anchorage has come under regulatory scrutiny. In 2022, the Office of the Comptroller of the Currency (OCC) issued a cease-and-desist order against the bank for alleged shortcomings in know-your-customer (KYC) and anti-money laundering (AML) compliance procedures.
Anchorage, which became the first federally chartered digital asset bank in the U.S., has positioned itself as a key institutional player in crypto custody. The latest inquiry could mark a critical juncture for its compliance and operational oversight strategies.
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