Posted 11/22/2023, 5:28:00 AM
Binance Reaches $4.3B Settlement Over AML Violations Involving Terror Groups
- Binance reached $4.3B settlement with US regulators for violating anti-money laundering and sanctions laws
- Treasury Dept said Binance failed to report over 100,000 suspicious transactions with terrorist groups, ransomware, etc.
- Accused of allowing Hamas, Palestinian Islamic Jihad, al-Qaeda, ISIS to receive funds
- Former compliance officer acknowledged awareness of Hamas transactions in 2019
- As part of settlement, CEO Changpeng Zhao stepping down and pleading guilty to breaking anti money-laundering law