Geee Posted November 22, 2023 Share Posted November 22, 2023 The Center Square The U.S. Department of Treasury on Tuesday levied a $3.4 billion fine against Binance Holdings, Ltd. in a settlement with the world's biggest cryptocurrency exchange for failure to prevent and report suspicious transactions with terrorist organizations. Binance was accused by the Treasury of failing to implement programs to prevent and report suspicious transactions involving terrorist groups such as Hamas' Al-Qassam Brigades, Al Qaeda and the Islamic State of Iraq and Syria (ISIS). The U.S. Justice Department stated in a media release that one Binance compliance employee joked in a February 2019 chat that the company needed a banner that said, "is washing drug money too hard these days – come to binance; we got cake for you." Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now