U.S.-based crypto bank Anchorage Digital is under scrutiny by the Department of Homeland Security’s El Dorado Task Force as part of an investigation into its anti-money laundering (AML) and financial crime compliance policies.
According to a report by Barron’s, the task force has contacted former employees to gather information on the bank’s past and current internal procedures. While the full scope of the investigation remains unclear, Anchorage has not yet issued an official statement.
Anchorage had previously faced regulatory action in 2022 when the Office of the Comptroller of the Currency (OCC) issued a “cease and desist” order over deficiencies in its KYC and AML protocols. Since then, the firm has restructured its compliance framework and hired additional personnel.
Amid a more crypto-friendly approach under the Trump administration, Anchorage has recently signed digital asset custody agreements with major financial institutions such as BlackRock and Cantor Fitzgerald, seeking to strengthen its position in the sector.
