The New York State Department of Financial Services has fined online brokerage Robinhood Markets Inc.’s cryptocurrency trading unit $30 million for alleged violations of anti-money laundering regulations. money and cybersecurity, as part of the department’s first crypto enforcement action. The New York State Financial Regulator said Tuesday that Robinhood Crypto LLC has failed to maintain and certify compliant anti-money laundering and cybersecurity programs. As part of the consent order, Robinhood will also retain the services of an independent consultant to assess its compliance with NYDFS regulations and its remediation efforts. The NYDFS said it discovered significant failures during a supervisory review and subsequent investigation of Robinhood. The failures, the regulator said, resulted from shortcomings in the company’s management and oversight of its compliance programs. These include the failure to foster and sustain a culture of compliance and to allocate adequate resources to programs, especially as the business has grown rapidly, which has exacerbated the issues.