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Violation Tracker Individual Record

Company: Binance Holdings Limited,
Current Parent Company: Binance Holdings
Penalty: $3,400,000,000
Year: 2023
Date: November 21, 2023
Offense Group: financial offenses
Primary Offense: anti-money-laundering deficiencies
Mega-Scandal: Cryptocurrency
Violation Description: The Financial Crimes Enforcement Network (FinCEN) conducted a civil enforcement investigation and determined that grounds exist to impose a Civil Money Penalty on Binance Holdings Limited, Binance (Services) Holdings Limited, and Binance Holdings (IE) Limited, collectively doing business as Binance and Binance.com for violations of the Bank Secrecy Act (BSA) and its implementing regulations. This was part of a larger case involving the Justice Department and other agencies (see separate entries).
Level of Government: federal
Action Type: agency action
Agency: Treasury Department Financial Crimes Enforcement Network
Civil or Criminal Case: civil
HQ Country of Current Parent: Malta
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: cryptocurrency exchange
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.