USAfederal prosecutors in money laundering investigation Binance CEO‘this Changpeng ZhaoHe asked for communication records including
According to Reuters, American prosecutors in the money laundering case requested the recordings of the conversation.
Ministry of Justice Requested Voluntary Documents from Administrators
US federal prosecutors have requested 13 executives, including the CEO of the world’s largest cryptocurrency exchange Binance, to submit voluntary documents regarding the money laundering case. It also asked Binance, the money laundering unit of the Justice Department, to identify the exchange’s illegal transactions. It also searched company records that contained any of the orders for documents to be destroyed, altered, or removed from Binance’s files or transferred from the US.
Four people who knew the details of the investigation said it was part of Binance’s ongoing investigation into compliance with US financial crime laws. This requires crypto exchanges to register with the Department of the Treasury and comply with anti-money laundering requirements if they are conducting important business in the United States. The law, designed to protect the US financial system from illegal financing, provides for up to 10 years in prison.
