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US Treasury's financial crimes unit seeks to close money-laundering loopholes | The Mighty 790 KFGO

(Reuters) - The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) said on Thursday it is looking whether more regulations are needed to prevent money laundering and illicit finance. Closing legal and regulatory gaps is a top ...
Daphne Psaledakis Brian Nelson Chris Prentice Joe Biden Financial Crimes Enforcement Network President Joe Biden
Source: kfgo.com

Binance's CEO Zhao faces sentencing over money laundering violations

The former chief executive of Binance, the world's largest cryptocurrency exchange, could face years in prison when he is sentenced on Tuesday after his guilty plea to violating U.S. money-laundering laws. U.S. prosecutors have told District Judge Richard Jones in Seattle that they want Changpeng Zhao, who goes by "CZ," to serve twice the maximum 18 months recommended under federal guidelines. Prosecutors said a tough sentence for the man once considered the most powerful person...
United States New York Nixon Peabody Chris Prentice Changpeng Zhao Alistair Bell
Source: yahoo.com

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