The cryptocurrency exchange Binance is reportedly in discussions with the US Department of Justice (DOJ) to terminate oversight by an independent monitor years ahead of schedule. This information comes from Bloomberg, citing unnamed sources.
According to the publication, the parties are close to reaching an agreement, though details of the negotiations remain undisclosed.
Binance agreed to compliance monitoring in 2023 as part of its admission of guilt in money laundering and sanctions violations. The DOJ appointed the consulting firm Forensic Risk Alliance as a monitor for three years, while FinCEN selected a partner from the law firm Sullivan & Cromwell for five years. The exchange also paid a $4.3…
