Anti-Financial Crime & Financial Crime Compliance
Leadership | Insight | Network

AML, Compliance, Crypto, Financial Crime, Regulatory, US

NEWS: How Binance became the global laundry for child abusers, terrorists, sanctions busters and hackers; Yellen says Changpeng Zhao ‘turned blind eye’ to dirty money; must pay record $4.3BN settlement

BAD ACTORS: Prosecutors revealed today how Binance became an exchange for every serious bad actor in the globe – from international terrorists to organised crime. Moreover, customers from Iran, Cuba and Syria — all of which face sanctions — were able to access the Binance platform, court documents revealed. Binance “turned a blind eye” as it allowed Hamas’ Al-Qassam Brigades, Palestinian Islamic Jihad (PIJ), Al Qaeda and ISIS to use the platform, Treasury Secretary Janet Yellen said.

By AML Intelligence Correspondents THE FULL scale of Binance’s role as a global money laundry for terrorists and organised crime was revealed as the company’s ceo pleaded guilty in a US court overnight. It came as Binance chief Changpeng Zhao admitted money laundering and sanctions offences while the crypto currency exchange agreed to a massive…

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!