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Is Binance under investigation?

Binance is also under investigation by the Justice Department for suspected money laundering and sanctions violations, Reuters has reported, citing people familiar with the probe. A top Binance executive told the Wall Street Journal in February that the company expected to pay penalties to resolve U.S. investigations.

Who is involved in the Binance money laundering investigation?

The investigation followed reports of criminals using Binance to move money illicitly, according to Reuters. Three different DOJ offices are involved: the Money Laundering and Asset Recovery Section (MLARS), the U.S. Attorney’s Office for the Western District of Washington, and the National Cryptocurrency Enforcement Team.

Is the SEC investigating $20 billion crypto exchange Coinbase?

Widely circulated reports that the U.S. Securities and Exchange Commission (SEC) is investigating $20 billion crypto exchange Coinbase are just the tip of the iceberg, according to a staffer from U.S. Senator Cynthia Lummis’ (R-Wy) office.

Why did the SEC File 13 charges against Binance & Zhao?

The SEC on June 5 filed 13 charges against Binance and Zhao for failing to restrict U.S. customers from its platform, misleading investors about its market surveillance controls and for operating an unregistered securities exchange.

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