---------- Forwarded message ---------
   From: <[1]noreply@its.ny.gov>
   Date: Tue, Jun 27, 2023, 6:52 PM
   Subject: FOIL Request Confirmation from Open FOIL NY
   To: <[2]G@xny.io>

   Thank you for submitting your FOIL request through Open FOIL NY.

   Here is your Open FOIL NY confirmation information for future
   reference:
   LARSON_DFS_20230627185237536
   INFORMATION SUBMITTED:
   Records Requested From
   Department of Financial Services
   Short Title
   DFS Investigation Finds Robinhood Crypto Failed to Maintain Effective
   and Compliant BSA/AML and Cybersecurity Programs
   Description
   Dear Madam or Sir: On August 2, 2022 the Superintendent of Financial
   Services Adrienne A. Harris announced that Robinhood Crypto, LLC
   (“RHC”) would pay a $30 million penalty to New York State for
   significant failures in the areas of bank secrecy act/anti-money
   laundering (“BSA/AML”) obligations and cybersecurity that resulted in
   violations of the Department’s Virtual Currency Regulation (23 NYCRR
   Part 200), Money Transmitter Regulation (3 NYCRR Part 417), Transaction
   Monitoring Regulation (23 NYCRR Part 504), and Cybersecurity Regulation
   (23 NYCRR Part 500). xNY.io - Bank.org would like to receive any and
   all records related to NY-DFS' investigation of Robinhood Crypto.
   Including (but not limited to) records concerning the bespoke
   Supervisory Agreement Robinhood Crypto has with the Department of
   Financial Services mentioned here:
   [3]https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202
   208021. In addition, xNY.io - Bank.org seeks any and all records
   concerning New York's approach to Robinhood Crypto 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:
   [4]https://drive.google.com/file/d/1Yx88RMoeLyyfbNK0RtPl4r-m8N21_1Sp/vi
   ew?usp=drivesdk. Finally, xNY.io - Bank.org seeks records concerning
   New York's regulatory approval of Robinhood Crypto engaging a fine of
   $30M 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. Warm regards,
   Gunnar Larson xNY.io - Bank.org 917-580-8053
   Uploaded Files
   FOIL Response Format
   Email
   If fees apply, please contact me if costs will be greater than
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   Your FOIL request has been forwarded to the organization(s) you
   selected, and the respective Records Access Officer will contact you
   directly for further processing of your request. Please allow up to
   five business days for such communication(s). For your convenience,
   here is additional contact information:

   Department of Financial Services
   One State Street
   20th Floor
   New York, NY 10004

References

   1. mailto:noreply@its.ny.gov
   2. mailto:G@xny.io
   3. https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202208021
   4. https://drive.google.com/file/d/1Yx88RMoeLyyfbNK0RtPl4r-m8N21_1Sp/view?usp=drivesdk