Federal agencies hit Binance with more than $4.3 billion in penalties, prompted the resignation of its chief executive officer, and imposed multiple compliance monitorships on the virtual currency exchange as punishment for its repeated and intentional violations of U.S. anti-money laundering (AML) laws, sanctions, and other regulations.
The Department of Justice (DOJ); Treasury Department, including the Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Assets Control (OFAC); and Commodity Futures Trading Commission (CFTC) made the announcements at a joint press conference Tuesday.
