Both banks ensured compliance with Bank Secrecy Act (BSA), anti-money laundering (AML), and Office of Foreign Assets Control (OFAC) rules
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Authors
Assad Jafri
Sources
Custodia, Vantage launch first US bank-issued stablecoin called Avit on Ethereum
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The Avit transactions were conducted within a regulated environment and met Bank Secrecy Act (BSA), anti-money laundering (AML), and Office of Foreign Assets Control (OFAC) standards, requiring custom documentation and procedures
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