The company admitted Bank Secrecy Act, unlicensed money-transmitting, and sanctions violations. Zhao resigned as chief executive, and the settlement imposed compliance monitoring and other obligations.
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Binance and its founder enter U.S. guilty pleas
Binance agreed to more than $4 billion in U.S. resolutions and founder Changpeng Zhao pleaded guilty to an anti-money-laundering charge.
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IN THE SHOWThe Long Arm of the Law