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Home » Binance and CEO Plead Guilty to Federal Charges in $4B Resolution – Department of Justice

Binance and CEO Plead Guilty to Federal Charges in $4B Resolution – Department of Justice

Binance and CEO Plead Guilty to Federal Charges in $4B Resolution – Department of Justice

Binance Holdings Limited (Binance), the entity that operates the world’s largest cryptocurrency exchange, Binance.com, pleaded guilty today and has agreed to pay over $4 billion to resolve the Justice Department’s investigation into violations related to the Bank Secrecy Act (BSA), failure to register as a money transmitting business, and the International Emergency Economic Powers Act (IEEPA).Binance’s founder and chief executive officer (CEO), Changpeng Zhao, a Canadian national, also pleaded guilty to failing to maintain an effective anti-money laundering (AML) program, in violation of the BSA and has resigned as CEO of Binance.Binance’s guilty plea is part of coordinated resolutions with the… 

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