Binance CEO CZ pleads guilty to money laundering violations

Binance issued guilty plea and fine settlement affecting U.S. federal authorities on November 21, 2023.

Primary

Binance

Counterparty

U.S. federal authorities

Amount

$4.3B

Structure

guilty plea and fine settlement

Date

November 21, 2023

Sub-sector

Crypto / Digital Assets

Major crypto exchange and CEO face federal enforcement for AML violations; signals escalating regulatory crackdown on digital asset platforms.

Primary company

Binance

Counterparty

U.S. federal authorities

Amount

$4.3B

Event date

November 21, 2023

Sub-sector

Crypto / Digital Assets

HQ

Not disclosed

Structure

guilty plea and fine settlement

Source published

November 22, 2023

Publisher

Financial Mirror

Source: financialmirror.com