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US DOJ split over charging Binance in the 2018 AML investigation: Report

Published 12/12/2022, 08:49 AM
Updated 12/13/2022, 05:20 AM

The United States Department of Justice (DOJ) is nearing the completion of its investigation into cryptocurrency exchange Binance, which started in 2018. A report from Reuters suggests there is a conflict among US prosecutors over whether the gathered evidence is enough to press criminal charges against the crypto exchange and its executive or not.

The 2018 investigation revolve around Binance’s compliance with the U.S. anti-money laundering (AML) laws and sanctions. The U.S. prosecutors were investigating charges related to unlicensed money transmission, money laundering conspiracy and criminal sanctions violations.

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