OCC Lifts Consent Order on Anchorage Digital After AML Compliance Overhaul

The Office of the Comptroller of the Currency (OCC) has terminated its consent order against Anchorage Digital, marking a significant milestone for the federally chartered crypto bank. Originally imposed in April 2022 for deficiencies in anti-money laundering (AML) controls, the regulator now confirms the institution meets all federal standards.

Anchorage executed a three-year remediation program involving hiring banking compliance veterans, implementing advanced surveillance systems, and automating reporting tools. "We've exceeded requirements," said CEO Nathan McCauley, framing the decision as an industry validation.

The OCC specifically noted the bank's strengthened protocols for suspicious activity reporting and customer due diligence. This resolution removes regulatory uncertainty for one of crypto's few OCC-regulated entities.