Customers Bank will boost its AML (Anti-Money Laundering) compliance after facing scrutiny from the Federal Reserve. The bank’s activities during the 2023 banking crisis will also be examined. This examination aims to ensure adherence to regulatory standards and to bolster the bank's operational integrity in handling cryptocurrency transactions. The scrutiny by the Federal Reserve highlights the increasing regulatory focus on financial institutions involved with cryptocurrencies. This move is part of a broader effort to curb illegal activities such as money laundering and terrorist financing, which are often associated with the crypto industry. Customers Bank, known for its crypto-friendly stance, is now working to comply with AML regulations more rigorously. This effort reflects the bank’s commitment to maintaining trust and credibility among its clients and regulatory bodies. By strengthening its AML protocols, Customers Bank aims to navigate the complex regulatory landscape more effectively.