United States of America: DoJ lawsuit against Binance over alleged anti-money laundering, unlicensed money transmitting, and sanctions violations
Progress
Current status
in force
18 Dec 2023 in force
21 Nov 2023 in force
Scope
Implementers
United States of America
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
judiciary
Government Body
court
Implementation Level
national
Timeline of events
Approved Settlement in DoJ lawsuit against Binance over alleged anti-money laundering, unlicensed money transmitting, and sanctions violations
On 18 December 2023, the Commodity Futures Trading Commission (CFTC) announced that the US District Court for the Northern District of Illinois approved a previously announced settlement after Binance Holdings Limited and its CEO entered a guilty pl…
SourceEvent type
public lawsuit
Action type
ruling
Government branch
judiciary
Government body
court
Issued ruling in DoJ lawsuit against Binance over alleged anti-money laundering, unlicensed money transmitting, and sanctions violations
On 21 November 2023, the Department of Justice (DoJ) disclosed that Binance Holdings Limited and its CEO have entered a guilty plea to federal charges, resulting in a settlement of approximately USD 4 billion. Binance, recognised as the world's larg…
SourceEvent type
public lawsuit
Action type
ruling
Government branch
judiciary
Government body
court