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Coinbase Europe fine

Coinbase Europe Fine: $24.8 Million for AML Failures

Coinbase Europe has recently come under the spotlight due to a significant fine of $24.8 million imposed by the Central Bank of Ireland for serious lapses in anti-money laundering (AML) compliance.This hefty penalty arises from the company's failure to adequately monitor over 30 million transactions, which raised alarm bells regarding financial crime and suspicious activities.

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