1 year ago
Binance said connected Dec. 12 that Reuters falsely stated that the U.S. Department of Justice is looking to prosecute Binance implicit wealth laundering changes.
In the statement, Binance claimed that Reuters was “attacking our unthinkable instrumentality enforcement team” arsenic the institution shared the property merchandise sent to Reuters. The institution besides shared a new blog post focused connected its ” Fight Against Crypto Crime.”
Reuters has it incorrect again.
Now they're attacking our unthinkable instrumentality enforcement team. A squad that we're incredibly arrogant of – they've made crypto much unafraid for each of us.
Here’s the afloat connection we sent the newsman and a blog astir our singular instrumentality enforcement team.
— Binance (@binance) December 12, 2022
The announcement comes aft respective denials from Binance regarding stories shared by Reuters implicit the past fewer months. In October, Binance CEO CZ hit out against a Reuters newsman who allegedly planned to constitute stories astir his children.
The Reuters nonfiction claimed that Binance typical Kendall Day was engaging with the DOJ connected a imaginable solution of the lawsuit retired of court. However, Binance contended that it was not moving with the DOJ successful a connection sent to Reuters, which is included successful the report.
Reuters nonfiction claiming DOJ investigation
The Reuters probe claimed that the U.S. Department of Justice (DOJ) is astatine the cross-road of charging Binance for allegedly facilitating wealth laundering activities.
According to Reuters, the probe against Binance concerns unlicensed wealth transmission, wealth laundering conspiracy, and a usurpation of the U.S. Bank Secrecy Act. The starring speech allegedly processed implicit $10 cardinal successful payments for entities seeking to evade U.S. sanctions.
Reuters alleged that Binance CEO Chanpeng Zhao enforced strict secrecy rules connected employees to screen up for his exchange’s violation. For example, Binance employees were informed to pass utilizing encrypted messaging services and to usage email arsenic small arsenic possible.
In addition, Reuters claimed that Binance’s recruitment spree of 2021, which led to the hiring of apical authorities investors, including erstwhile main of MLARS, Kendall Day, was instigated to support its involvement during transgression investigations.
According to Reuters, immoderate national prosecutors progressive successful the probe person important grounds to indict Binance. However, the Money Laundering and Asset Recovery Section (MLARS) enactment has been hesitant to proceed with the prosecution.
“In caller months, prosecutors astatine NCET and the Seattle bureau concluded they had capable grounds to hole charges not lone against Binance, but besides against Zhao and immoderate different executives…” Reuters added.
Binance combat against crypto crime
In the nonfiction shared with Binance’s announcement, Tigran Gambaryan, Binance’s VP of Global Intelligence and Investigations, shared an overview of its efforts to combat crypto transgression successful 2022.
The nonfiction claimed that Binance had responded to implicit “47,000 instrumentality enforcement requests” since November 2021 with an “average effect clip of 3 days.”
Gambaryan praised the information squad astatine Binance, calling retired their wealthiness of acquisition arsenic good arsenic his ain past roles wrong the IRS-CI. He went connected to asseverate that:
“Given the radical we present have, and the tools astatine our disposal, it’s perchance adjacent the strongest successful the full fiscal sector.”
The Binance nonfiction was published connected December 12, the aforesaid time the Reuters study was released.
The station Binance denies US DOJ looking to prosecute the exchange, says Reuters is ‘wrong’ appeared archetypal connected CryptoSlate.
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