Binance: The investigation by US regulators is a result of past actions, and we will continue to take measures to rectify historical issues
ChainCatcher news, Binance released a blog post titled "Evaluation of Binance's Compliance Improvements by U.S. Regulators," stating that when Binance first launched, there were insufficient compliance controls in place, and the company takes full responsibility for its past actions, making significant efforts to improve its compliance program, including accepting strong oversight of its compliance and sanctions control programs. Binance will continue to take proactive measures to address historical issues.Binance stated that the investigation by U.S. regulators was triggered by past actions, and the statements from U.S. regulators OFAC, the Department of Justice, and FinCEN described Binance's measures in cooperation as well as in AML, CFT, and KYC.