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, 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.