Dear Mr. Lombardi:
Thank you very much for your email.
Gunnar
Gunnar Larson
xNY.io - Bank.org
646-454-9107
---------- Forwarded message ---------
From: dob.sm.foil
Date: Tue, Jan 24, 2023, 4:27 PM
Subject: FOIL request
To: G@xny.io
Please see the attached related to your FOIL request.
KATHY HOCHUL
Governor
SANDRA BEAmE
Division of
the Budget
Acting Director of the Budget
Via Electronic Mail
January 24, 2023
Mr. Gunnar Larson
G@xny.io
Dear Mr. Larson:
This is in response to your Freedom of Information Law ("FOIL") request to
the
New York State Division of the Budget (the "Division") dated January 14,
2023 in which
you seek: "any and all records concerning New York State's investigation of
Coinbase,
comprising the $100M settlement mentioned here:
https://www.dfs.ny.gov/reports_and_pub1ications/press_releases/pr202301041.
We are
requesting all public records from 2018 to 2022 concerning New York's
aforementioned
Coinbase investigation. Moreover, xNY.io - Bank.org seeks access to any and
all
records concerning New York's regulatory scrutiny (and/or approval) of
Goldman Sachs'
partnership with Coinbase, issuing the bank's first Bitcoin loan mentioned
here:
https://www.nasdaq.com/articles/goldman-sachs-partners-with-coinbase-for-ban...
bitcoin-backed-loan. In addition, xNY.io - Bank.org seeks any and all
records
concerning New York's approach to Coinbase and Goldman Sachs compliance
programs mandated by the United States Department of Justice, Criminal
Division,
Fraud Section and Money Laundering and Asset Recovery Section mentioned
here:
https://drive.google.com/file/d/1Yx88RMoeLyyfbNK0RtP14r-
m8N21_ 1 Sp/view?usp=drivesdk. Finally, xNY.io - Bank.org seeks records
concerning
New York's regulatory approval of Coinbase engaging a fine of $SOM to
implement
heightened controls and additional procedures and policies relating to
electronic
surveillance and investigation, due diligence on transactions or clients
and the use of
third-party intermediaries across business units; and enhancing
anti-corruption training
for all management and relevant employees."
With regard to the first, second and fourth portions of your request, the
Division
does not possess records responsive as of January 14, 2023 With regard to
the
portion of your request, which is as follows: "any and all records
concerning New York's
approach to Coinbase and Goldman Sachs compliance programs mandated by the
United States Department of Justice, Criminal Division, Fraud Section and
Money
Laundering and Asset Recovery Section", the Division has determined that
this portion
of your request is overly broad and is not reasonably described, pursuant
to Public
Officer's Law ("POL") Section 89(3)(a). If you do not submit a revision to
this portion of
your request by January 30, 2023, the Division will consider this portion
of your request
withdrawn.
;�y
:��ti
Joel C. Lombardi
FOIL Officer
