Reuters: Binance was withholding information from regulators, repeatedly shunned own compliance department

on Friday, Reuters laid out the findings of its investigation into the regulatory compliance practices of Binance, the world’s largest cryptocurrency exchange by trading volume.

The reported findings are based on the accounts of Binance’s former senior employees and advisers, as well as the review of documents such as internal correspondence and confidential messages between several national regulators and the company. According to the document, several high-ranking employees have repeatedly raised concerns of weak Know Your Customer/Anti-Money Laundering standards at the company but were ignored by the CEO.

The big-picture takeaway that the authors of the report offered is that the described pattern of behavior allowed Binance to maintain ambiguous jurisdictional affiliation and opaque corporate structure while offering financial products that would normally require regulatory approval or licensing in many of its countries of operation.

ETH BlueSparrow BlueSparrowtoken BlueSparrowCommunity BestDrawToken Bluesparrowcharity BlueSparrowETH web3

ETH BlueSparrow BlueSparrowtoken BlueSparrowCommunity BestDrawToken Bluesparrowcharity BlueSparrowETH web3 Bitcoin

In the crypto market competition, no compaign will reach BlueSparrow, 60 green days. After the launching of Blue…CEX, we will be the leader of the whole market bluesparrow bluesparrowETH BlueSparrowtoken BlueSparrowCommunity bluesparrow . ❤️‍🔥m

In the crypto market competition, no compaign will reach BlueSparrow, 60 green days. After the launching of Blue…CEX, we will be the leader of the whole market bluesparrow bluesparrowETH BlueSparrowtoken BlueSparrowCommunity bluesparrow . ❤️‍🔥n

In the crypto market competition, no compaign will reach BlueSparrow, 60 green days. After the launching of Blue…CEX, we will be the leader of the whole market bluesparrow bluesparrowETH BlueSparrowtoken BlueSparrowCommunity bluesparrow . ❤️‍🔥b

In the crypto market competition, no compaign will reach BlueSparrow, 60 green days. After the launching of Blue…CEX, we will be the leader of the whole market bluesparrow bluesparrowETH BlueSparrowtoken BlueSparrowCommunity bluesparrow . ❤️‍🔥v

In the crypto market competition, no compaign will reach BlueSparrow, 60 green days. After the launching of Blue…CEX, we will be the leader of the whole market bluesparrow bluesparrowETH BlueSparrowtoken BlueSparrowCommunity bluesparrow . ❤️‍🔥c

In the crypto market competition, no compaign will reach BlueSparrow, 60 green days. After the launching of Blue…CEX, we will be the leader of the whole market bluesparrow bluesparrowETH BlueSparrowtoken BlueSparrowCommunity bluesparrow . ❤️‍🔥x

In the crypto market competition, no compaign will reach BlueSparrow, 60 green days. After the launching of Blue…CEX, we will be the leader of the whole market bluesparrow bluesparrowETH BlueSparrowtoken BlueSparrowCommunity bluesparrow . ❤️‍🔥z

Bkex is an exchange that freezes the accounts of earning users and extorts their money. You will never get your money. No customer support. There is no honest CEO like Cz. Their sole purpose is to extort money from people. BKEXGlobal bkex

What about the fact that Besides Canada, Binance has gotten into trouble with a number of regulators in other jurisdictions including the U.S., U.K., South Africa, Australia, Norway, Netherlands, Hong Kong, Germany, Italy, India, Malaysia, Singapore, Turkey, and Lithuania 🤔🤔

In the crypto market competition, no compaign will reach BlueSparrow, 60 green days. After the launching of Blue…CEX, we will be the leader of the whole market bluesparrow bluesparrowETH BlueSparrowtoken BlueSparrowCommunity bluesparrow . 19

😂

Well, that's why I like other platforms like bfx more.

This is good. They should not give out customer info. 👌

may be closer to complying with regulations globally 🥷💎

Lol. That's why I prefer to use Bitfinex and not this shady platform.

Regulations first! ✅ SAFEMOON

My precious

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto giant Binance kept weak money-laundering checks, documents showIn public, Binance said it welcomed government oversight. At the same time, the firm was withholding information from regulators, maintaining weak checks on customers and acting against its own compliance department’s recommendations, a Reuters investigation has found.
Source: Reuters - 🏆 2. / 97 Read more »

China Evergrande’s International Bondholders Threaten Legal ActionA group of China Evergrande’s international bondholders threatened to move forward with a legal enforcement plan that could include liquidation of the company’s assets I am David Robinson II, Father of Geologist Daniel Robinson who went missing from his worksite in the desert of Buckeye, AZ on 6-23-21. His vehicle was found 7-19-21 but my son remains missing. Could you please share his story? Thanks. GREAT. ▪︎Anti money laundering and combating the financing of terrorism (AML/CFT)▪︎ ▪︎Anti pencucian uang dan pemberantasan pendanaan terorisme (APU/PPT)▪︎
Source: WSJ - 🏆 98. / 63 Read more »

$1 Billion Just Sent From Tether Treasury to Binance: Here is Why$1 billion worth of USDT was just sent from the Tether treasury to Binance. Shorting Hey, have you seen this Meta2Earn project? They will develop game artifacts for the most popular Play2Earn games and metaverses. For example, for AlienWorlds!
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Revisiting 2021 With The Binance Team | Binance Blog2021 was a big year for Binance and the crypto industry as a whole - let's rewind and take a look at some of our key highlights from last year. BabyDogeCoin BabyDogeArmy BabyDoge BabyDogeFamily BabyDogeCoinArmy babydoge_cz_binance Binance BinanceSmartChain BinanceChain BabyDogeCoin 🔥🔥🔥. 🟢GREEN🟢 in a sea of red📈 Trending on CMC, money coming into $GREEN, to take advantage of the 300% APY staking platform. When the markets bad make your money work for you, that’s what smart investors are doing right now! 🚀🔥 GREENCHARTbsc GreenChartBSC
Source: binance - 🏆 561. / 51 Read more »

From Entrepreneur to Community Leader: Life as a Binance Angel | Binance BlogBinance Angels lead some of the world’s largest and most passionate crypto communities. Hear from Mohamad, a Lebanese angel who has served the community for just over a year. You know a project is solid when they have their own Angel investor as an advisor on the board. sportemongo and their SGOX have the community AND the experienced leadership. Metaverse SGOV2 BSC BSCGem GameFi NFT DeFi Betting SporteVerse SafeBLASTArmy is coming on ETHERSCAN,We are 10 months old on Bscscan but now we are expanding to Etherscan, Liquidity locked till 2026,We are Utility token,ranked under 1900 on CMC big achievement for any crypto in just 9 months ,82% Supply Burnt,low Mcap easy 1000X Join us.
Source: binance - 🏆 561. / 51 Read more »

Binance Will List API3 (API3) | Binance SupportFellow Binancians, Binance will list API3 (API3) and will open trading for API3/BTC, API3/BUSD and API3/USDT trading pairs at 2022-01-21 06:30 (UTC). Users can now start depositing API3 in prepara... API3DAO Your decision, let it rise.🔥 API3DAO you are listing very silly coins😡 API3DAO Esperemos pronto a BabyDogeCoin· y SaitamaLLC
Source: binance - 🏆 561. / 51 Read more »