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Bloomberg: Binance in Negotiations with US Department of Justice to Abandon Independent Compliance Oversight

Summary: Bloomberg reports that Binance is in negotiations with the US Department of Justice over a potential agreement that would allow Binance to pay $43 billion to settle charges of 'failing to take sufficient measures to prevent money laundering' and waive a key oversight requirement. Federal prosecutors are discussing requirements for appointing an external compliance monitor ...

Bloomberg reports that Binance is in negotiations with the US Department of Justice over a potential agreement that would allow Binance to pay $43 billion to settle charges of 'failing to take sufficient measures to prevent money laundering' and waive a key oversight requirement. Federal prosecutors are discussing requirements for appointing an external compliance monitor with Binance.

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Link: Bloomberg: Binance in Negotiations with US Department of Justice to Abandon Independent Compliance Oversight [Copy]

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