Empire Newsletter: Trade monitoring could cost Binance billions

I’ll be watching you…

Binance will have not one, but two firms looking over its shoulder for the next few years — part of a settlement with the Department of Justice and the Treasury Department.

Binance confirmed to Blockworks that the monitors are Sullivan & Cromwell (yes, that one) and Forensic Risk Alliance (FRA).

“The monitorship is an important step in our compliance journey, and we are committed to collaborating with FinCEN’s selected monitor, Sharon Cohen Levin from Sullivan and Cromwell; and DOJ’s selected monitor, Frances McLeod at Forensic Risk Alliance as we continue working toward becoming the most trusted and secure asset exchange in the world,” a Binance…

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