DOJ Reportedly Weighs Lifting Three-Year Compliance Monitor on Binance From 2023 Settlement
The post DOJ Reportedly Weighs Lifting Three-Year Compliance Monitor on Binance From 2023 Settlement appeared on BitcoinEthereumNews.com.
The DOJ is reportedly weighing removal of the independent Binance compliance monitor imposed under a $4.3 billion 2023 settlement, a move that would reduce external oversight of Binance’s global operations if approved and could signal a broader DOJ trend toward limiting long-term outside monitors. DOJ considering lifting Binance compliance monitor Monitor was part of a $4.3 billion 2023 settlement addressing alleged compliance failures. At least three other firms reportedly avoided extended monitors: Glencore, NatWest, Austal. Binance compliance monitor removal: DOJ considering ending independent oversight of Binance after 2023 settlement — read implications and next steps. The DOJ is reportedly considering lifting a three-year compliance monitor imposed under Binance’s $4.3 billion settlement. What is the Binance compliance monitor and why might the DOJ remove it? Binance compliance monitor refers to an independent overseer appointed under the 2023 $4.3 billion DOJ settlement to assess Binance’s anti-money-laundering and compliance programs. The DOJ is reportedly reviewing whether to end that three-year monitor early, which would reduce external scrutiny of Binance’s compliance controls. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); How is the DOJ review proceeding and what sources report it? Bloomberg reports, citing people familiar with the discussions, that the DOJ is evaluating whether to lift the monitor. The review has not been officially confirmed by the DOJ or Binance. Plain-text mention: Bloomberg; official discussions would involve DOJ counsel and Binance compliance…
