US Attorney General Merrick Garland said Binance, the world’s largest crypto exchange, allowed approximately $900 million in transactions between the US and Iran, as well as large transactions with Syria and Crimea. His words guide the way TASS.
Transactions made to new regions of the Russian Federation using Binance are also reported. According to Garland, exchange employees realized that the company’s anti-money laundering methods were inadequate, which could attract criminals to the platform.
Before that, Changpeng Zhao, president of Binance crypto exchange gone He resigned due to a money laundering case. His company will have to pay $ 4.3 billion to the US budget.
The deal with authorities will allow the businessman to retain his stake in Binance, and the exchange will be run by Richard Teng, who oversees trading in Asia, Europe and the Middle East. The founder of the crypto exchange noted that he plans to take a break from his job because he has not had a single day off in the last 6.5 years.
Former CEO of Binance accepted Guilt as part of an investigation in the United States.