Binance founder Changpeng Zhao admitted his failure in implementing an adequate anti-money laundering program at Binance.

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Binance founder Changpeng Zhao admitted his failure in implementing an adequate anti-money laundering program at Binance.

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Zhao is accused of willfully failing to implement an effective anti-money laundering program as required by the Bank Secrecy Act.
Here I failed to implement an adequate anti-money laundering program... I realize now the seriousness of that mistake,” Zhao reportedly said earlier Tuesday in court.

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Binance founder Changpeng Zhao sentenced to 4 months in prison

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