US Treasury Announces Largest Settlements in History with Virtual Currency Exchange Binance for Violations of U.S. Anti-Money Laundering and Sanctions
The U.S. Department of the Treasury, through the Financial Crimes Enforcement Network (FinCEN), the Office of Foreign Assets Control (OFAC), and IRS Criminal Investigation (CI), has taken unprecedented action to hold Binance Holdings Ltd. and its affiliates (collectively, Binance) accountable for violations of the U.S. anti-money laundering (AML) and sanctions laws that protect American national security and the integrity of the international financial system. Binance is the world’s largest virtual currency exchange, responsible for an estimated 60% of centralized virtual currency spot trading. Today, Binance ... (full story)
- Older Stories
Federal Reserve officials at their most recent meeting expressed little appetite for cutting interest rates anytime soon, particularly as inflation remains well above their goal, ...
tweet: MORE FOMC MINUTES: PARTICIPANTS NOTED LATEST GDP REPORT WAS AT 'AN UNEXPECTEDLY STRONG PACE;' CONSUMER SPENDING 'SURPRISED TO THE UPSIDE' #FOMC #minutes #economy tweet: MORE FOMC MINUTES: PAYROLL GROWTH 'UNEXPECTEDLY STRONG' YET LABOR SUPPLY/DEMAND 'CONTINUING TO COME INTO BETTER BALANCE' ' #FOMC #minutes #economy
- Newer Stories
tweet: "Binance and its leaders sought to dupe and indoctrinate their employees and customers, building a cult-like following," @CFTCbehnam says
The CEO of Binance, the world’s largest cryptocurrency exchange, will step down after the company pleaded guilty Tuesday to violations of the Bank Secrecy Act, an anti-money ...
The US government seized almost $9 million worth of Tether tokens traced to an organized network of scammers who stole millions from victims across the country. The Justice ...