Compliance

Compliance

Binance and founder Changpeng Zhao violated compliance rules to attract U.S. users, CFTC alleges

The Commodity Futures and Trading Commission filed a complaint against crypto exchange Binance, its co-founder, Changpeng Zhao, and its former chief compliance officer, Samuel Lim, alleging that Binance actively solicited U.S. users and subverted the exchanges own “ineffective compliance program,” according to a filing in ...Read More

DOJ Announces New Guidance on Executive Compensation and Evaluation of Corporate Compliance Programs

On March 2 and 3, 2023, during speeches by Deputy Attorney General (DAG) Lisa Monaco and Assistant Attorney General (AAG) Kenneth A. Polite, Jr., at the ABA’s annual White Collar National Institute in Miami, the U.S. Department of Justice’s (DOJ) Criminal Division announced several policy updates consistent ...Read More

Crypto firms poised to spend more on compliance

Crypto shops weary from last year’s sequence of unfortunate events likely have strenuous regulatory calisthenics waiting for them, and executives see compliance costs rising across the board. Why it matters: Regulators’ hawkish stance on the industry signals a coming torrent of enforcement action — one that ...Read More

Early Alameda Staffers Quit After Battling Sam Bankman-Fried Over Risk, Compliance Concerns

Years before Sam Bankman-Fried’s crypto empire collapsed, a group of employees quit in a power struggle—after becoming concerned about what they say was his cavalier approach to risk, compliance and accounting. The employees worked at his trading firm, Alameda Research, and were some of his earliest ...Read More