The US Department of Justice (DOJ) is reportedly divided over whether to bring criminal charges against cryptocurrency exchange Binance for suspected violations of the Bank Secrecy Act (BSA) during the 2018 anti-money laundering (AML) investigation. According to a report from Bloomberg, the DOJ has been unable to come to a consensus and the matter is being discussed at the highest levels of the government. Binance, one of the largest and most popular crypto exchanges, is accused of failing to comply with AML regulations and has been under investigation since 2018. The DOJ is reportedly split between those who want to bring charges against Binance and those who want to leave the matter to the US Securities and Exchange Commission (SEC). The outcome of the investigation could have serious implications for the cryptocurrency industry, as the DOJ's decision could set a precedent for how exchanges are required to comply with AML regulations.
Source: Cointelegraph