Washington state enters $150K consent order with digital assets-focused money transmitter - JD Supra
Washington state entered a $150,000 consent order with a digital assets-focused money transmitter for compliance failures, signaling increased enforcement for crypto firms.
Aforeworn detected this change in the Money Services & Money Transmitters space on July 11, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated High urgency. Money transmitters, especially those dealing in digital assets, operating in Washington state. should confirm how it applies to their specific situation before acting. There is a time constraint attached: Immediately; ongoing compliance required.. Acting after that point can mean penalties, a lapsed licence, or lost eligibility — exactly the kind of surprise Aforeworn exists to prevent. Aforeworn monitors Money Services & Money Transmitters continuously and turns every detected change into a plain-English briefing like this one, so you always know first. Forewarned is forearmed.
What changed
Washington Department of Financial Institutions (DFI) issued a consent order with a $150,000 penalty for BSA/AML deficiencies, including failure to maintain adequate compliance program and suspicious activity reporting.
Who it affects
Money transmitters, especially those dealing in digital assets, operating in Washington state.
What you must do
Review and strengthen BSA/AML compliance programs, ensure proper registration and reporting, and conduct internal audits.
Deadline
Immediately; ongoing compliance required.
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