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Violation Tracker Individual Record

Company: Genesis Global Trading, Inc.
Penalty: $8,000,000
Year: 2024
Date: January 12, 2024
Offense Group: financial offenses
Primary Offense: anti-money-laundering deficiencies
Secondary Offense: privacy violation
Violation Description: Genesis Global Trading agreed to pay $8 million in settlement of allegations it violated virtual currency and cybersecurity regulations and left the company vulnerable to illicit activity and cybersecurity threats.
Level of Government: state
Action Type: agency action
Agency: New York Department of Financial Services
Civil or Criminal Case: civil
Facility State: New York
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.