Binance: The investigation by US regulators was triggered by past behavior, and measures have been taken to correct historical issues
December 13th, 2023

Binance published an article "U.S. Regulators Comment on Binance's Compliance Improvements". Binance stated: When Binance first launched, there were not enough compliance controls in place to meet the needs of its rapidly growing company. Binance said: We accept full responsibility for our past actions and are currently cooperating with U.S. agencies, including receiving strong oversight of our compliance and sanctions control programs, and will continue to take proactive steps to correct historical issues. The U.S. agency’s investigation was prompted by past actions, and Binance’s measures regarding cooperation and AML, CFT, and KYC were described in statements from U.S. regulators OFAC, the Department of Justice, and FinCEN. But it helped develop the comprehensive compliance program seen at Binance today.

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