THE DAILY ENCRYPT

September 30, 2022

US Has Requested Money-Laundering Related Files from Binance

U.S. federal prosecutors requested that crypto exchange Binance submit documents regarding its money-laundering checks, and communication involving CEO Changpeng Zhao...
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U.S. federal prosecutors requested that crypto exchange Binance submit documents regarding its money-laundering checks, and communication involving CEO Changpeng Zhao Zhao, Reuters reported Thursday citing a written request.

According to the report, the Justice Department requested that the company hand over communications between Zhao and other executives regarding matters related to the detection of illegal transactions in the U.S. and customer acquisition.

Federal prosecutors made the request in late 2020.

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According to the report, authorities sought company records that contained instructions for “documents to be destroyed, altered, removed from Binance’s files” or “transferred out of the United States.

Binance has been on the radar U.S. authorities for some time. The Commodity Futures Trading Commission is looking into allegations of insider trading, market manipulation and insider trading by the crypto exchange.

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CZ tweeted that his chat messages were semi-public and that he would not be surprised if they were.

As it has been documented, regulators around the world are reaching out every major cryptocurrency exchange in an effort to better understand the industry. Binance spokesperson stated that this is a common process for any regulated organisation and they work regularly with agencies to address any outstanding queries.

Vitalik Ivanov

Vitalik Ivanov

Vitalik is a speaker / journalist. He has spoken and given presentations at many blockchain events across the world. Vitalik is based in the UK, he loves to travel and calls Dubai his "crypto home". Vitalik has enjoyed speaking at blockchain events and has a main focus on CBDC's, NFT's and altcoins. Vitalik says "Everything, and i mean everything will be an NFT one day".
Vitalik Ivanov

Vitalik Ivanov

Vitalik is a speaker / journalist. He has spoken and given presentations at many blockchain events across the world. Vitalik is based in the UK, he loves to travel and calls Dubai his "crypto home". Vitalik has enjoyed speaking at blockchain events and has a main focus on CBDC's, NFT's and altcoins. Vitalik says "Everything, and i mean everything will be an NFT one day".

© 2022 The Daily Encrypt. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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