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The crypto division of the financial services company Robinhood will pay a $30 million penalty to New York state for failing to comply with regulations governing money laundering and cybersecurity, the state's Department of Financial Services announced Tuesday, Aug. 2, 2022. 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Electronic screens in New York's Times Square announce the Robinhood IPO, Thursday, July 29, 2021. The crypto division of the financial services company Robinhood will pay a $30 million penalty to New York state for failing to comply with regulations governing money laundering and cybersecurity, the state's Department of Financial Services announced Tuesday, Aug. 2, 2022. 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The crypto division of the financial services company Robinhood will pay a $30 million penalty to New York state for failing to comply with regulations governing money laundering and cybersecurity, the state's Department of Financial Services announced Tuesday, Aug. 2, 2022. 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