Technology

U.S. sought records on Binance CEO for crypto money laundering probe

U.S. federal prosecutors asked Binance, the world’s largest cryptocurrency exchange, to provide extensive internal records about its anti-money laundering checks, along with communications involving its chief executive and founder Changpeng Zhao, according to a late-2020 written request seen by Reuters. The Justice Department’s money laundering section asked Binance to voluntarily hand over messages from Zhao and 12 other executives and partners on matters including the exchange’s detection of illegal transactions and recruitment of U.S. customers. It also sought any company records with instructions that “documents be destroyed, altered, or removed from Binance’s files” or “transferred from the United States.” The December 2020 request, which has not been previously reported, was part of a Justice Department investigation into Binance’s compliance with U.S. financial crime laws that remains ongoing, four people familiar with the inquiry said.

Full story : U.S. sought records on Binance CEO for crypto money laundering probe.

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.