TechFlow news, on July 26, the Federal Reserve announced the termination of enforcement actions against Silvergate Bank and its holding company, Silvergate Capital Corporation. Since May 2023, this action ensured that Silvergate wound down its operations and liquidated in a manner protective of depositors. Silvergate has now completed its liquidation plan, repaid all customer deposits, and no longer functions as a bank.
Previous report, Silvergate's board agreed to pay $63 million to settle allegations from U.S. and California regulators over its failure to comply with anti-money laundering laws.




