![]() 21 article, Binance said it has “one of the most sophisticated approaches” to enforcing anti-money laundering and counter-terrorism financing “in the financial sector, let alone the blockchain industry.” Binance said it was helping drive higher industry standards and called Reuters’ reporting “wildly outdated. In response to Reuters’ questions for the Jan. Binance also maintained weak checks on customers, despite concerns raised by senior company figures, and acted against its own compliance department’s recommendations, according to internal records and messages. The Reuters investigation also found that, according to regulatory filings and people with direct knowledge, Binance withheld information about its finances and corporate structure from regulators, even as CEO Changpeng Zhao publicly welcomed regulatory oversight. But more importantly, today is the day I’d like to give a big thank. Other executives include Yi He, Co-Founder & CMO Jimmy Su, Chief Security Officer and 6 others. Dear Binancians, Today marks a special day for Binance as we celebrate our 4th anniversary. ![]() In a statement in July last year, Germany’s Federal Public Prosecutor General said the two men who used Binance were suspected of knowing about the attacks in advance and failing to report them to the police. Binance CEO CZ shares a letter to users from around the world on Binance’s 4th anniversary as he reflects on the shared journey so far as well as the next steps for the company. Binance has suffered setbacks in two European markets after it announced plans to quit the Netherlands and came under investigation by French prosecutors. Islamic State later claimed responsibility for the attack. He was killed by Austrian police within minutes. Binance/DOJ Newsflash: Binance and CZ just added a uniquely qualified criminal defense all-star lawyer to their legal team: George Canellos, former Chief of the Major Crimes Unit in the U.S. Its trading volumes hit $34 trillion in 2021.In November 2020, Kutjim Fejzulai, a 20-year-old Austrian who also held North Macedonian nationality, opened fire on crowded bars near Vienna’s main synagogue. Binance, the world’s largest cryptocurrency exchange, and founder Changpeng Zhao are accused of misusing investor funds, operating as an unregistered exchange and violating a slew of U.S. Its core exchange, the world's biggest, processed trades worth about $23 trillion last year, according to data provider CryptoCompare. law," CFTC Chairman Rostin Behnam said in a statement.īinance dominates the global digital asset sector. This should be a warning to anyone in the digital asset world that the CFTC will not tolerate willful avoidance of U.S. "For years, Binance knew they were violating CFTC rules, working actively to both keep the money flowing and avoid compliance. It also accused Binance's former Chief Compliance Officer Samuel Lim of aiding and abetting Binance's violations.īinance did not immediately respond to a request for comment. laws, the CFTC said in its complaint.īinance's compliance program has been "ineffective" and the firm, under the direction of Zhao, told employees and customers to go around compliance controls, the CFTC said. Commodity Futures Trading Commission (CFTC) for regulatory violations, according to a court filing on Monday.īinance, the world's biggest crypto exchange, had from at least July 2019 to the present "offered and executed commodity derivatives transactions on behalf of U.S. ![]() Major cryptocurrency exchange Binance and executives, including CEO and founder Changpeng Zhao, have been sued by the U.S. ![]()
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