A recent Financial Times report indicates Binance allegedly facilitated $144 million in suspicious transfers *after* its landmark November 2023 settlement with U.S. regulators. 🚨 This news raises questions regarding compliance efforts.
The November 2023 agreement mandated stricter Anti-Money Laundering (AML) controls and a five-year monitorship, alongside a substantial $4.368 billion penalty. However, internal leaks reportedly suggest continued suspicious transactions occurring post-settlement.
Binance, in response, maintains that it possesses robust compliance systems. The exchange denies any breaches of sanction laws subsequent to the settlement agreement. 🛡️
