Binance is examined for the banking secret of the law: report
Binance is examined for the banking secret of the law: report
- The Banking Secure Act mainly deals with money laundering rollers
- "We regularly work with agencies to clarify all open questions," said the spokesman for Binance
The US authorities are currently investigating whether Binance has violated the Secrecy Act bank, Reuters Thursday after the Federal Prosecutor's office had started in December 2020 with the investigation of the company and its CEO.
According to the report, the Ministry of Ministry of Ministry for the Ministry of Justice asked the world's largest crypto exchange almost two years ago to hand over news from CEO Changpeng Zhao and other managers on topics such as the uncovering of illegal transactions and the recruitment of US customers. According to reports, almost 30 documents were requested in the letter of 2020, which included details on the Binance guidelines on combating illegal finance or reports on suspicious financial activities that had submitted to the authorities.Crypto tours also fall into the scope of banking secrecy. Although binance.Us registered with the US Ministry of Finance in 2019, the flagship platform from Binance did not do this, according to Reuters.
A spokesman for Binance announced in an email that the company has a global security and compliance team with more than 500 employees, including former supervisory authorities and law enforcement officers.
“How well documented is supervisory authorities around the world turn to every large crypto exchange in order to better understand our industry," added the representative. "We regularly work with agencies to clarify open questions."
whether the spokesman was not investigated whether he is being investigated for violation of banking secrecy.
crypto exchange manager have already been engraved by the banking secret law
While Binance reports on his own investigation of banking secrecy, four prominent managers of the Bitmex crypto derivative exchange have already been convicted for violations.
The Bitmex co-founder Arthur Hayes and Ben Delo owed themselves guilty in February. As part of the plea agreement, the couple was asked to pay $ 10 million for their participation in the "intentional failure" of implementing and maintaining measures to combat money laundering at Bitmex.
Another co -founder, Samuel Reed, sent letters to four federal authorities and five crypto exchanges-with the request for information about their mechanisms for combating from Fraud and fraud.
visit Europe's leading institutional crypto conference with a discount. only 4 days to save £ 250 on tickets - use the code London250.
The contribution Binance Under Investigation Over Bank Secrecy Act: Report is not a financial advice.