Reuters: The U.S. Department of Justice has been investigating Binance since 2018, but internal divisions have stalled progress

ChainCatcher news, according to Reuters citing four anonymous sources, the U.S. Department of Justice has been investigating global Binance since 2018, but internal divisions within the department have delayed the conclusion of the investigation. It is reported that this investigation relates to whether Binance has complied with U.S. anti-money laundering laws and sanctions, initiated after reports of criminals using Binance to illegally transfer funds.
The investigation involves three different offices of the Department of Justice: the Money Laundering and Asset Recovery Section (MLARS), the U.S. Attorney's Office for the Western District of Washington, and the National Cryptocurrency Enforcement Team. Binance's defense attorneys have discussed possible plea deals with the U.S. Department of Justice, and U.S. authorities may take one of three possible actions: prosecute Binance and executives including CEO Changpeng Zhao, negotiate a settlement, or take no action and close the case.

Two confidential sources told Reuters that some people in the U.S. Department of Justice want to actively use existing evidence to move forward with personal criminal charges against Binance executives, while others advocate for first gathering more evidence. (Reuters)