DOJ alleges AML, sanctions violations against Binance, CEO Changpeng Zhao in unsealed indictment

The Department of Justice unsealed its indictment against Binance on Tuesday.

The indictment, originally filed on Nov. 14, was filed in the Western district of Washington.

The US accused Binance and Binance CEO Changpeng Zhao of violating the Bank Secrecy Act, alleging that the violations go back as far as 2017. The indictment was unsealed ahead of an expected settlement announcement to be led by the US Department of Justice. 

A press conference is scheduled for 3 pm ET. 

The world’s largest crypto exchange also failed to “maintain an effective” anti-money laundering program and knowingly violated economic sanctions. 

The indictment names both Binance and Zhao, and also alludes…

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