"FinCEN Announces Largest Settlement in U.S. Treasury Department History…"

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Research, not advice. Part of the Bitcoin research archive (October 2026). Claims labelled unverified, contested or fringe are reported, not endorsed; statuses of bills and rules are as of the date checked. Government, court and patent records are public domain; the research notes are CC BY 4.0.

FinCEN Announces Largest Settlement in U.S. Treasury Department History with Virtual Asset Exchange Binance for Violations of U.S. Anti-Money Laundering Laws | FinCEN.gov

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                              FinCEN Announces Largest Sett...

FinCEN Announces Largest Settlement in U.S. Treasury Department History with Virtual Asset Exchange Binance for Violations of U.S. Anti-Money Laundering Laws

Immediate Release

November 21, 2023

Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) took unprecedented action to hold Binance Holdings Ltd. and several affiliates (collectively, Binance) accountable for willful violations of the Bank Secrecy Act and its implementing regulations. FinCEN’s consent order assesses a civil money penalty of $3.4 billion, imposes a multi-faceted five-year monitorship overseen by FinCEN, and requires significant compliance undertakings, including undertakings to ensure Binance’s complete exit from the United States.

 

FinCEN Consent Order:  www.fincen.gov/news/enforcement-actions/matter-binance-holdings-limited-et-al-dba-binance-and-binancecom

U.S. Department of the Treasury News Release: https://home.treasury.gov/news/press-releases/jy1925

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