Reuters reveals Special Report: Crypto giant Binance kept weak money-laundering checks even as it promised tougher compliance - Reuters News Agency
Business & Finance

Reuters reveals Special Report: Crypto giant Binance kept weak money-laundering checks even as it promised tougher compliance

In a Special Report, Reuters revealed how Binance said it welcomed government oversight, but, at the same time, the firm was withholding information about its finances and corporate structure from regulators, at least eight of whom have warned consumers about the risks of using the exchange. Binance also maintained weak checks on customers, despite concerns raised by senior company figures, and acted against its own compliance department’s recommendations.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: Europe
Countries: Malta
Media Types: Text
FILE PHOTO: Changpeng Zhao, CEO of Binance, speaks at the Delta Summit, Malta's official Blockchain and Digital Innovation event promoting cryptocurrency, in St Julian's, Malta October 4, 2018. To match Special Report FINANCE-CRYPTO-CURRENCY/BINANCE      REUTERS/Darrin Zammit Lupi/File Photo
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