Credit: Siarhei/stock.adobe.com AML Enforcement in 2023: No 'Grey Zones' for Cryptocurrency Providers
A curated roundup of significant federal and state enforcement actions against cryptocurrency companies in the past several years.
January 04, 2024 at 10:00 AM
12 minute read
In November 2023, the world's largest cryptocurrency exchange, Binance, agreed to pay $4.3 billion, the largest penalty in U.S. Treasury and FinCEN history, to resolve DOJ, CFTC, FinCEN and OFAC investigations into allegations that it operated as an unregistered money transmitter and willfully violated anti-money laundering ("AML") and sanctions laws. "Binance and CEO Plead Guilty to Federal Charges in $4B Resolution," U.S. Justice Department (Nov. 21, 2023).
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