Anti-Financial Crime & Financial Crime Compliance
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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

ZHAO'S LIGHT SENTENCE: "'Crime pays' is the message sent today," Dennis Kelleher, head of the financial reform advocacy group Better Markets, wrote in an email, noting Zhao will still get to keep his vast wealth.

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…

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