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Violation Tracker Individual Record

Company: Robinhood Crypto, LLC
Penalty: $30,000,000
Year: 2022
Date: August 2, 2022
Offense Group: financial offenses
Primary Offense: anti-money-laundering deficiencies
Secondary Offense: consumer protection violation
Mega-Scandal: Anti-Money Laundering Deficiencies
Violation Description: Robinhood agreed to pay a $30 million penalty in settlement of alleged failures in the areas of bank secrecy act/anti-money laundering obligations and cybersecurity.
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.