Binance pays US$4.3bn for AML and sanctions breaches - monitor to oversee US exit

The world's largest cryptocurrency exchange must pay a record civil penalty of US$3.4 billion to US AML agency FinCEN for non-compliance with Bank Secrecy Act regulations and another US$969m to the US Office of Foreign Assets Control for apparent violations of multiple US sanctions programmes.

The world's largest cryptocurrency exchange must pay a record civil penalty of US$3.4 billion to US AML agency FinCEN for non-compliance with Bank Secrecy Act regulations and another US$969m to the US Office of Foreign Assets Control for apparent violations of multiple US sanctions programmes.