CZ and its cryptocurrency exchange Binance have been under investigation by the DOJ for 4 years. Some US prosecutors believe there has been “money laundering”, “possible sanctions violations” and “unlicensed money transfers” since his birth. Zoom !
A storm is brewing for the world’s largest crypto exchange
” U.S. prosecutors are considering indicting Binance and its executives for possible money laundering and sanctions violations, Reuters sources say. »
Binance’s compliance with US anti-money laundering laws leaves something to be desired, according to the DOJ. This is why some US prosecutors opened an investigation into the most popular crypto exchange in 2018.
Reuterswhich conducted its investigation with a dozen prosecutors affiliated with the Money Laundering and Asset Recovery Section (MLARS), the United States Attorney’s Office for the District of Washington and the National Cryptocurrency Enforcement Team, published an article detailing the case.
CoinDesk, for his part, clarified that the litigants seem divided on the measures to be taken. If some of the prosecutors want to get their hands on the so-called criminals, including CZ, others prefer to build evidence before attacking.
Only the decision of the head of MLARS and senior DOJ officials matters at this time. At the same time, Binance’s attorneys entered into plea agreements with the relevant prosecutors.
Binance slams Reuters sharply
” Reuters s‘is completely wrong. Now they are attacking our incredible law enforcement team. A team we are incredibly proud of – they have made crypto safer for all of us. Here is the full statement we sent to the reporter and a blog post about our remarkable law enforcement team. »
Tigran Gambaryan, Global Head of Intelligence and Investigations at Binance, provided further details. He claimed that the crypto exchange has already responded to more than 47,000 requests from authorities since November 2021. Also, he blew that Binance has a very strong security and compliance workforce.
” As has been widely reported, regulators are scrutinizing every crypto company against many similar issues. This fledgling industry has grown rapidly and Binance has shown its commitment to security and compliance by investing heavily in our team and the tools and technology we use to detect and deter illicit activity. “, he added.
The crypto trader CoinMamba would not share this opinion, however. He who had experienced the misfortune of losing his funds also received a suspension of his account on Binance. To return to the storm that is brewing at CZ and company, its lawyers have argued that a possible criminal prosecution would penalize any the crypto industry.
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