A consent order is a legal agreement between a regulatory body and an entity, such as a company or individual, to resolve a dispute without admitting guilt. This order typically outlines specific actions the entity must take to rectify past violations or prevent future misconduct. It carries the force of a court order, meaning non-compliance can result in further legal penalties. Such agreements aim to achieve regulatory compliance efficiently.
Context
Consent orders frequently appear in crypto news when regulatory agencies address concerns about unregistered securities offerings, consumer protection issues, or anti-money laundering failures. These orders provide insight into evolving regulatory stances and enforcement priorities within the digital asset industry. Observing the terms of these orders helps understand the compliance landscape and potential future regulatory actions.
Regulated digital asset entities must immediately fortify partner due diligence and systemic AML/KYC controls to prevent substantial enforcement penalties.
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