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The SEC sued Binance and Zhao in June, alleging that they used companies beneficially owned by Zhao to inflate trading prices and make money off customers, allegedly mixing customer funds with ...
And, perhaps worst of all, Binance will have to completely open its books and practices to the U.S. federal government by appointing a monitor for both the Justice Department and FinCEN.
Teng was quickly appointed CEO this week after Binance's founder Changpeng Zhao pleaded guilty to breaking U.S. anti-money laundering laws, part of a $4.3 billion deal to resolve a years-long U.S ...
FinCEN was established by order of the Secretary of the Treasury (Treasury Order Numbered 105-08) on April 25, 1990. [4] In May 1994, its mission was broadened to involve regulatory responsibilities, and in October 1994 the Treasury Department's precursor of FinCEN, the Office of Financial Enforcement, was merged with FinCEN. [5]
The FinCEN Files are documents from the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN), that have been leaked to BuzzFeed News and then shared with the ...
However, in order for these sites to exchange their Bitcoins for a fiat currency they must use a financial exchange, so even by receiving their earnings with Bitcoin, the online gambling sites may come into jurisdiction of the UIGEA if the gambling business accepts payment through "(i) automated clearing house (ACH) systems, (ii) card systems ...
The U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) and U.S. Internal Revenue Service (IRS) are among those owed money by FTX, the list of creditors filed in a U.S. court on ...
Binance and the SEC did not immediately respond to a request for comment. ... The protective order seeks to limit the SEC, among other things, to four depositions from BAM employees, and to drop ...