Yahoo Finance Reporter Jennifer Schonberger breaks down the
The U.S. government’s case against the world’s largest cryptocurrency exchange Binance as its founder, Changpeng Zhao who pleaded guilty to a felony charge Tuesday related to his failure to prevent money laundering on his platform.
Binance also agreed to a roughly $4 billion settlement with the U.S. over violations of the Bank Secrecy Act and apparent violations of sanctions programs, including failure to put into place a suspicious transaction reporting programs. Zhao announced that he stepped down as the company’s chief executive.
#Binance #crypto #yahoofinance
Associated Press writers Fatima Hussein in Washington, D.C. and Ken Sweet in New York contributed to this story. Johnson contributed from Seattle.
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10 Comments
“Any institution, wherever located, that wants to reap the benefits of the U.S. financial system must also play by the rules that keep us all safe from terrorists, foreign adversaries, and crime, or face the consequences,” said Treasury Secretary Janet Yellen.
Funny an actual investigative journalist might have been about to uncover some of this financial fraud.
With all those fines the US still have trillion dollars of debt that make no sense
See they make it bad for crypto falling knife is coming bear run
No prison?
No difference than Deutsche Bank passing Russia money to Trump in 2014-16 as a fake loan
Mainstream media is lame. Support. Independent, non-biased news channels like ours, New Money US!
Current DOJ's accomplishments are listed on their website.
They brought down more corrupted CEOs and politicians than any others.
Merrick Garland is amazing.
Money is the root to all kinds of evil🦅.
there naughty people they have billions of dollars and they are never satisfied greed upon greed well they deserve what is coming.