The future looks especially bleak for Binance.
Having worked in the Enforcement Division of the U.S. Securities and Exchange Commission (SEC) for almost 20 years and managed many SEC joint criminal prosecutions, IMHO, there exist a litany of indicators that the U.S. Department of Justice (DOJ) will file, or has already filed under seal, a Binance-related criminal indictment.
Money laundering involves disguising financial assets so they can be used without detection of the illegal activity that produced them. To me, the Complaints filed by the U.S. Commodity Futures and Exchange Commission (CFTC) and the SEC read more like criminal indictments, replete with allegations of fraud, deception, obstruction of justice and most of all, money laundering.
‘Enforcement 40’ for 2020
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