While the bulk of transactions in the Coinbase network are still for day-trading and investment, a growing share is devoted to transactions for goods and services.
That case included accusations that HSBC allowed multibillion-dollar bulk cash transactions that might have aided drug cartels.
RBS and its NatWest subsidiary said the bulk of transactions were now being handled properly after being cleared successfully overnight but extended opening hours are in operation at both banks until the end of the week while a back log is cleared.
According to the Senate committee, HSBC accepted more than $15bn in cash from subsidiaries in Mexico, Russia and other countries at high risk of money laundering but failed to conduct any monitoring of these bulk cash transactions between mid-2006 and mid-2009.
GetYourGuide's website was already available in the U.S. and the startup previously told TechCrunch that U.S. and U.K. visitors made up the bulk the transactions it was seeing from international markets.
Mahajan said that Drivezy is currently market leader when it comes to self-drive two-wheelers — "self-drive" meaning vehicles that can be rented for a trip — with motorbikes and scooters accounting for "the bulk" of transactions, but just 20percentt of revenue.
The bank was unable to properly monitor $15 billion in bulk cash transactions between mid-2006 and mid-2009, and had inadequate staffing and high turnover in its compliance units, July's report said.
"Sales are at the lowest level since the total existing-home sales series launched in 1999, and single family sales -- accounting for the bulk of transactions -- are at the lowest level since May of 1995".
This is mainly in Russia's favour: the bulk of the transactions are made up of Russian natural-gas sales to Turkey.
In the weeks before Mr. Lawsky's action against the bank, Justice Department officials had concluded that the bulk of the transactions at issue had complied with United States law, current and former authorities said.
