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
Dubai: new crypto regulations for VASP

Dubai: new crypto regulations for VASP

cinematic universe

A new Cinematic Universe 3.0

Token of cryptocurrency

Some interesting facts about cryptocurrencies listed by ChatGPT

EUROe: the stablecoin made in EU

We are nature

Artifact: the new way to live the life

Artifact: the new way to live the life

1 2 3 31
TheMetaEconomist 2022 - Privacy / Cookies
crossmenu