Binance Gets Two Compliance Monitors in Settlements With U.S. Authorities – WSJ

U.S. regulators have appointed two separate independent compliance monitors to ensure cryptocurrency exchange Binance meets the requirements set forth in its settlements over money-laundering and sanctions violations.

The U.S. Justice Department has chosen Frances McLeod, a founding partner at forensic consulting firm Forensic Risk Alliance, for the three-year-monitorship of Binance, according to a Binance spokesperson. The Treasury Department’s Financial Crimes Enforcement Network has selected Sharon Cohen Levin, a partner at law firm Sullivan & Cromwell, to serve as its monitor for five years, the spokesperson added.

Source: Binance Gets Two Compliance Monitors in Settlements With U.S. Authorities – WSJ