Silvergate CEO Alan Lane sought to reassure investors and customers that the bank’s assets are safe and that the company complies with due diligence and anti-money laundering laws.
Silvergate Bank, which specializes in service to fintech and crypto clients including failed crypto exchange FTX and its sister hedge fund Alameda Research, published a letter from its CEO to reassure shareholders about its due diligence practices, risk management and reserves. The letter to investors also included affirmations of risk management and anti-money laundering compliance, as Lane said he sought to combat “misinformation … spread by short sellers and other opportunists” following the FTX collapse. The bank CEO added that customers “continue to have access to their U.S. dollar deposits when they need them and that the Silvergate Exchange Network has continued to operate uninterrupted throughout this period.
Now do violations of the BSA
AlderLaneEggs Seawolfcap
im reassured af now nice
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