TechFlow, September 17 — According to Bloomberg, Binance is negotiating with the U.S. Department of Justice to potentially remove key supervisory requirements from its $4.3 billion settlement agreement. Sources indicated that federal prosecutors are discussing with Binance the requirement to maintain an external compliance monitor. Binance had previously faced allegations for insufficient anti-money laundering measures. The Department of Justice has previously terminated monitoring arrangements for several companies due to high costs and operational impact.
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