Binance and CZ fined over R80 billion for failing to report terrorist transactions

Hanno Labuschagne

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Binance and CZ fined over R80 billion for failing to report terrorist transactions

Binance Holdings Ltd. and its chief executive officer Changpeng Zhao pleaded guilty to anti-money laundering and US sanctions violations under a sweeping settlement with the US that allows the cryptocurrency exchange to continue operating.

Binance will pay $4.3 billion (R80.01 billion) in one of the largest corporate agreements in US history.

[Bloomberg]
 
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