Binance Once Again Splits DOJ On Allegations Of AML Violation: Reuters
According to Reuters, the US Justice Department (DOJ) is still considering pursuing crypto exchange firm Binance and its senior officials, including CEO Changpeng Zhao, for alleged money laundering and criminal sanctions breaches, which began in 2018.
According to reports, US Department of Justice prosecutors is split on whether to pursue Binance and Changpeng Zhao with breaking anti-money laundering regulations. In 2018, the world’s largest cryptocurrency exchange was investigated for failing to comply with US anti-money laundering rules and sanctions.
The investigation involves prosecutors from three distinct justice departments: the Money Laundering and Asset Recovery Section, the U.S. Attorney’s Office for the Western District of Washington in Seattle, and the National Cryptocurrency Enforcement Team.
Binance’s defense counsel met with DOJ officials in recent months and advocated against any criminal actions. The exchange has allegedly stated that any criminal actions against them might devastate the crypto sector during a lengthy market collapse.
According to the article, the negotiations covered prospective plea bargains.
The exchange quickly responded to the Reuters article, stating that they do not have insights into the workings of the Department of Justice and cannot confirm if they have. Binance announced via its official Twitter account:
Another investigation published earlier this year by Reuters accused the crypto market of being a haven for money launderers. Binance denied any such assertions, claiming that the evidence in the paper was cherry-picked.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
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Binance Once Again Splits DOJ On Allegations Of AML Violation: Reuters
According to Reuters, the US Justice Department (DOJ) is still considering pursuing crypto exchange firm Binance and its senior officials, including CEO Changpeng Zhao, for alleged money laundering and criminal sanctions breaches, which began in 2018.
According to reports, US Department of Justice prosecutors is split on whether to pursue Binance and Changpeng Zhao with breaking anti-money laundering regulations. In 2018, the world’s largest cryptocurrency exchange was investigated for failing to comply with US anti-money laundering rules and sanctions.
The investigation involves prosecutors from three distinct justice departments: the Money Laundering and Asset Recovery Section, the U.S. Attorney’s Office for the Western District of Washington in Seattle, and the National Cryptocurrency Enforcement Team.
Binance’s defense counsel met with DOJ officials in recent months and advocated against any criminal actions. The exchange has allegedly stated that any criminal actions against them might devastate the crypto sector during a lengthy market collapse.
According to the article, the negotiations covered prospective plea bargains.
The exchange quickly responded to the Reuters article, stating that they do not have insights into the workings of the Department of Justice and cannot confirm if they have. Binance announced via its official Twitter account:
Another investigation published earlier this year by Reuters accused the crypto market of being a haven for money launderers. Binance denied any such assertions, claiming that the evidence in the paper was cherry-picked.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
Coincu News
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