binance - themetaeconomist

U.S. Justice Dept split over charging Binance

12 December 2022

Category

WASHINGTON DC - A long-running criminal investigation into the world's largest cryptocurrency exchange Binance has come to a point, Reuters reports. From the report:The investigation began in 2018 and is focused on Binance's compliance with U.S. anti-money laundering laws and sanctions, these people said. Some of the at least half dozen federal prosecutors involved in the case believe the evidence already gathered justifies moving aggressively against the exchange and filing criminal charges against individual executives including founder Changpeng Zhao, said two of the sources. Others have argued taking time to review more evidence, the sources said.

Reuters says that some criminal orgnaisations in Russia and Nord U.S. expolited the online account creation function to make nameless money transfers.

The inquiry involves prosecutors at three Justice Department offices: the Money Laundering and Asset Recovery Section, known as MLARS, the U.S. Attorney's Office for the Western District of Washington in Seattle and the National Cryptocurrency Enforcement Team. Justice Department regulations say that money laundering charges against a financial institution must be approved by the MLARS chief. Leaders from the other two offices, along with higher-level DOJ officials, would likely also have to sign off on any action against Binance
.

SOURCE: Reuters

READ ABOUT THE BLACK ROCK’S CEO WORDS DESPITE FTX FAILED… 

Recent Post
UAE and LFIs

UAE: new rules are coming to fight money laundering

Man with Oculus

Innovative Business Models between Immersive Reality and Web3

DeSantis protects Bitcoin

USA: DeSantis highlights Bitcoin

Scam alert: FBI said to pay attention

FBI: attention to fake crypto job adv

New AI opportunity in Carnegie University

Carnegie Mellon University: new AI institute 

Pizza con Bitcoin sopra

Celebrating Bitcoin Pizza Day: The Revolutionary First Real Bitcoin Transaction

1 2 3 42
TheMetaEconomist 2022 - Privacy / Cookies
crossmenu