3 ms·
> The investigation began in 2018 and is focused on Binance's compliance with U.S. anti-money laundering laws and sanctions, these people said If the investiga
by totalZero 4y ago
> The investigation began in 2018 and is focused on Binance's compliance with U.S. anti-money laundering laws and sanctions, these people said
If the investigation is five years old, then this isn't as big of a story as it seems on first glance. Not yet, at least.
- ceejayoz 4y agoIt took three years to charge Enron's CEO. Complex financial crimes frequently take years to prosecute. "DOJ officials have discussed possible plea deals with Binance's attorneys" is new info, to my knowledge.
- rippercushions 4y agoThe investigation is about whether Binance has broken AML laws. There are a million other laws they may have broken, but like FTX, we're unlikely to find out until it implodes.
- arcticbull 4y agoDisagree, these kinds of things take years to make their way through the system. If it really has been ongoing for 5 years, that would be roughly around the time I would expect them to move forward with charges, if they were going to. [edit] If I were CZ a 5 year long investigation would make me far more worried, not less. The authorities don't investigate nothing for 5 years, after all. If this was a witch hunt it sounds like they found a coven.
- DannyBee 4y ago? Especially with dealing with a bunch of weird international jurisdictions to gather evidence, 5 years is not a long time. Because it often has to wind it's way through cooperation agreements, other legal systems, etc.