Washington Company Plead Guilty
Washington Company Plead Guilty. On 8/18/09 ICE announced that two corporate directors of Yamato Engine Specialists in Bellingham, WA plead guilty to aiding and abetting the use of false statements on I-9 employment forms. Binance Holdings Limited (Binance), the entity that operates the world’s largest cryptocurrency exchange, Binance.com, pleaded guilty today and has agreed to pay over $4 billion to resolve the Justice Department’s investigation into violations related to the Bank Secrecy Act (BSA), failure to register as a money transmitting business, and the International Emergency Economic Powers Act (IEEPA). According to court documents, Binance admitted to prioritizing growth and profits over compliance with U.S. law. Binance launched in 2017 and focused on attracting high-volume customers, including U.S.-based customers. Binance chose not to comply with U.S. law and failed to implement controls and procedures to prevent money laundering.
