{"id":525585,"date":"2022-12-12T16:49:37","date_gmt":"2022-12-12T13:49:37","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/us-doj-split-over-charging-binance-in-the-2018-aml-investigation-report\/"},"modified":"2022-12-12T16:49:37","modified_gmt":"2022-12-12T13:49:37","slug":"us-doj-split-over-charging-binance-in-the-2018-aml-investigation-report","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/us-doj-split-over-charging-binance-in-the-2018-aml-investigation-report\/","title":{"rendered":"# US DOJ split over charging Binance in the 2018 AML investigation: Report"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a26237d2ba14\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a26237d2ba14\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/us-doj-split-over-charging-binance-in-the-2018-aml-investigation-report\/#%E2%80%9D_US_DOJ_split_over_charging_Binance_in_the_2018_AML_investigation_Report_%E2%80%9C\" >&#8221; US DOJ split over charging Binance in the 2018 AML investigation: Report  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_US_DOJ_split_over_charging_Binance_in_the_2018_AML_investigation_Report_%E2%80%9C\"><\/span>&#8221; US DOJ split over charging Binance in the 2018 AML investigation: Report  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTIvNTM4MmYyY2ItODE5MS00NmE5LThiZjgtZjA4NDliZDY2MzZmLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-30a6cf80>The United States Department of Justice (DOJ) is nearing the completion of its investigation into cryptocurrency exchange Binance, which started in 2018. A\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/idUSL8N3321X6\">report\u00a0<\/a>from Reuters suggests there is a conflict among US prosecutors over whether the gathered evidence is enough to press criminal charges against the crypto exchange and its executive or not.<\/p>\n<p>The 2018 investigation revolve around Binance\u2019s compliance with the U.S. anti-money laundering (AML) laws and sanctions. The U.S. prosecutors were investigating charges related to unlicensed money transmission, money laundering conspiracy and criminal sanctions violations.<\/p>\n<p>The report noted that Binance\u2019s defense attorneys held meetings in recent months with Justice Department officials, and argued against any criminal proceedings.<\/p>\n<p>Binance reportedly claimed any criminal proceedings against them could run havoc on the crypto industry amid a prolonged market downturn. The report claimed that the discussions included potential plea deals.<\/p>\n<p>A Binance spokesperson told Cointelegraph that the Reuters report suggests the regulators are doing a \u201csweeping review of every crypto company against many of the same issues\u201d and added:<\/p>\n<blockquote><p>\u201cThis nascent industry has grown quickly and Binance has shown its commitment to security and compliance through large investments in our team as well as the tools and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> we use to detect and deter illicit activity.\u201d<\/p><\/blockquote>\n<p>Binance launched the dedicated crypto exchange for U.S. customers in July 2017, owing to the tough regulatory requirements to offer services in the U.S. However, the 2018 investigation within a year of its launch hampered the progress of the exchange in the States.<\/p>\n<p><strong><em>Related:<\/em><\/strong><strong><em> Binance&#8217;s proof of reserves raises red flags: Report<\/em><\/strong><\/p>\n<p>Another report published by Reuters in June earlier this year accused the crypto exchange of being a hot spot for money launderers. Binance refuted all such claims, suggesting the report has cherry-picked data.<\/p>\n<p>Binance\u2019s struggle with compliance is nothing new, as the exchange has faced numerous warnings over the years from multiple jurisdictions. However, the exchange has managed to overcome the compliance issues in many of those countries barring the U.S., despite its slew of hirings to strengthen its regulatory and compliance team.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/us-doj-split-over-charging-binance-in-the-2018-aml-investigation-report\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; US DOJ split over charging Binance in the 2018 AML investigation: Report &#8220; The United States Department of Justice (DOJ) is nearing the completion of its investigation into cryptocurrency exchange Binance, which started in 2018. A\u00a0report\u00a0from Reuters suggests there is a conflict among US prosecutors over whether the gathered evidence is enough to press&#8230;<\/p>\n","protected":false},"author":1,"featured_media":525586,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2022-12\/5382f2cb-8191-46a9-8bf8-f0849bd6636f.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74859,75014,74894,74863,117,70934,67874],"class_list":["post-525585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-aml","tag-binance","tag-blockchain","tag-cryptocurrencies","tag-business","tag-regulation","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/525585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=525585"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/525585\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/525586"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=525585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=525585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=525585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}