Global fintech and funding innovation ecosystem

3 U.S. Senators Demand to see Binance’s Balance Sheets and AML Policies

Cointelegraph via TradingView | March 2, 2023

Pixabay JESHOOTS com - 3 U.S. Senators Demand to see Binance’s Balance Sheets and AML Policies

Image: Pixabay/JESHOOTS-com

Three United States senators led by Elizabeth Warren have sent a letter to Binance CEO Changpeng “CZ” Zhao and Binance.US CEO Brian Shroder expressing concern over a number of facets of Binance’s activities and requesting information from the companies that includes their balance sheets.

  • Crypto skeptic Warren’s cosigners were fellow Democrat Chris Van Hollen and Republican Roger Marshall. They claimed there is evidence that the companies attempted to evade U.S. regulators, evade sanctions and facilitated the laundering of at least $10 billion, and lack transparency.
  • The senators requested documents and other information. At the top of the list is “all Binance and Binance subsidiary balance sheets from 2017 to the present.” In addition, they ask for copies of Anti-Money Laundering and similar policies, documentation of the relationship between Binance and Binance.US and other information, as well as explanations of various news reports.
  • They gave the addressees two weeks to respond.

See:  Will Binance Severes U.S. Ties in Face of Crypto Crackdown

Senators:

“Your companies’ apparent attempts at evading the enforcement of anti-money laundering laws, securities laws, information reporting requirements, and other financial regulations cast serious doubt on the stability and legitimacy of Binance and its related entities, and on your commitment to your customers.”

Continue to the full article --> here


NCFA Jan 2018 resize - 3 U.S. Senators Demand to see Binance’s Balance Sheets and AML PoliciesThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - 3 U.S. Senators Demand to see Binance’s Balance Sheets and AML PoliciesFF Logo 400 v3 - 3 U.S. Senators Demand to see Binance’s Balance Sheets and AML Policiescommunity social impact - 3 U.S. Senators Demand to see Binance’s Balance Sheets and AML Policies

Support NCFA by Following us on Twitter!







NCFA Sign up for our newsletter - 3 U.S. Senators Demand to see Binance’s Balance Sheets and AML Policies




 

Leave a Reply

Your email address will not be published. Required fields are marked *

four × 4 =