An investigation focused on Binance’s compliance with U.S. anti-money laundering laws is being delayed due to splits between U.S. Department of Justice prosecutors, Reuters found
DOJ officials have discussed possible plea deals with Binance's attorneysBinance says it has no insight into the "inner workings of the US Justice Department"
Through interviews with almost a dozen people familiar with the case, including current and former U.S. law enforcement officials and ex-Binance advisors, along with a review of company records, Reuters has pieced together the most comprehensive account so far of how the investigation developed and. Prosecutors' deliberations on charging Binance have not been previously reported.
The charges under investigation are unlicensed money transmission, money laundering conspiracy and criminal sanctions violations, the four people said. No final charging decisions have been made, though prosecutors consider Zhao and some other executives to be subjects of the investigation, one source familiar with the situation said.
FTX imploded in early November, triggering a wave of public demands for greater regulation of the cryptocurrency industry. Founder Sam Bankman-Fried had boasted his exchange was the "most regulated," but he based it in the Bahamas, where oversight was light, and. The Justice Department has opened an investigation into FTX's handling of company funds, Reuters has reported.
The Seattle office partnered with MLARS to pursue the case, along with agents from the IRS Criminal Investigation division. A guide issued to employees for one encrypted messaging service listed its "automatic self-erasing messages" as a benefit. A Binance.US spokesperson said Reuters' questions were "fueled with false insinuations," and Binance.US was a separate entity with its own leadership team who are "solely responsible for overseeing decisions and activity across the business."
His hiring was part of a recruitment program by Binance among law enforcement officials in the United States, offering salaries that far exceeded what was available at many other finance and crypto firms, according to four people familiar with the outreach.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. Justice Department weighs charging Binance and its executives: ReutersBinance and some of its executives are reportedly under scrutiny for possible money laundering and criminal sanctions violations.
Read more »
Binance Will List Magic (MAGIC) in the Innovation Zone | Binance SupportFellow Binancians, Binance will list Magic (MAGIC) in the Innovation Zone and will open trading for these spot trading pairs at 2022-12-12 08:00 (UTC): New Spot Trading Pairs : MAGIC/BTC, MAGIC/BUS...
Read more »
Justice Department seeking 31 months for Jan. 6 defendant Mathew CapselThe Justice Department is seeking a 31-months behind bars for a man charged with single-count superseding information during the Jan. 6 Capitol riot.
Read more »
Schiff says Jan. 6 committee's probe 'far out ahead' of Justice DepartmentThe select committee will be wrapping up its investigation into the Jan. 6 attack and former President Donald Trump's efforts to stop the transfer of power after interviews with more than 1,000 people and 10 public hearings.
Read more »
Lockerbie bombing suspect of 1988 Pan Am flight is in U.S. custody, says Justice DepartmentLibyan expected to make first court appearance in D.C.
Read more »
Former U.S. attorney believes the Department of Justice is 'on a path to charge' TrumpThe DOJ is 'on a path to charge' Trump, former U.S. attorney Preet Bharara said Sunday. 'When you're charging somebody in maybe the highest-stakes trial, in some ways, in history ... you've got to have all your ducks in a row.'
Read more »