Samuel Lim News

19.12 / 06:22

Binance CFTC CZ settlement Fine Judge Approves Settlement: Binance to Pay $1.5 Billion to CFTC, CZ to Pay $150 Million Fine

In a significant legal development, Judge Manish Shah of the U.S. District Court for the Northern District of Illinois has issued a verdict ordering cryptocurrency exchange Binance and its former CEO, Changpeng “CZ” Zhao, to pay a staggering $2.85 billion to the Commodity Futures Trading Commission (CFTC).

07.12 / 11:47

Binance SEC CEO performer Department prevention Binance pays $4.3bn and CEO pleads guilty to settle US AML charges

The deal - involving the DoJ, Treasury Department and CFTC - resolves allegations that Binance failed to maintain a proper anti-money laundering programme, operated an unlicensed money-transmitting business and violated sanctions law, according to a court filing unsealed on Tuesday.The world's largest crypto exchange will forfeit $2.5 billion to the government and pay a fine of $1.8 billion.Zhao has pleaded guilty to violating the Bank Secrecy Act and causing a financial institution to violate the same act. He will pay a $50 million fine, quit as CEO and be barred from any involvement in running Binance, which he founded in 2017. Former chief compliance officer Samuel Lim is also being charged as part of the settlement.

22.11 / 00:18

Binance SEC CEO performer Department prevention Binance pays $4.3bn and CEO pleads guilty to settle US AML charges

21.11 / 23:23

Government Law Binance CFTC regulation Department Of Justice Binance settles with U.S. government: Timeline of US enforcement actions

Binance and its founder Changpeng"CZ" Zhao has admitted to violating United States laws around money laundering and terror financing — agreeing to pay $4.3 billion in fines

28.07 / 12:01

Binance Platform Binance accuses CFTC of overreach, wants charges dropped

Binance Holdings Ltd., operator of the world’s largest crypto exchange, and its co-founder Changpeng Zhao asked a US federal judge to dismiss a lawsuit filed by the Commodity Futures Trading Commission.

25.07 / 10:01

Binance Cooper SEC CEO Strategy Binance and CEO Changpeng Zhao Plan to Submit Motion to Dismiss CFTC Lawsuit

Binance, the world's biggest crypto exchange, billionaire founder Changpeng Zhao – CZ – and the exchange’s former compliance chief Samuel Lim have intended to file two motions to dismiss a complaint from the Commodity Futures Trading Commission (CFTC).

25.07 / 02:43

business Binance CFTC regulation Court Binance, CEO Changpeng Zhao intends to seek dismissal of CFTC complaint

Crypto exchange Binance and its CEO Changpeng "CZ" Zhao are planning to file a motion to dismiss a March-filed lawsuit from the United States commodities regulator.

21.07 / 15:05

COST UPS Citi awards Morning Coffee: Deutsche Bank elaborates on its banker hiring spree. 28 year-old finance millionaires contemplated nuclear bunker

Fabrizio Campelli, the friendly face of Deutsche Bank's corporate and investment bank, has contributed to his cuddly quotient with further elaboration on all the bankers he's hired so far and all the bankers he plans to hire still.

06.06 / 23:01

cryptocurrency Binance NFT SEC coinbase US Best Crypto to Buy Now 6 June – Bitget, Quant, Kava

Coinbase, one of the leading cryptocurrency exchanges globally, faces a lawsuit from US regulators, hot on the heels of similar legal action against Binance, another industry heavyweight.

01.04 / 13:47

business Government Law Binance CFTC SEC Binance vs. CFTC: Latest court battle could alter crypto landscape in US

Regulatory trouble is nothing new for Binance, and on many occasions, in the past, it has managed to overcome or bypass such roadblocks and eventually work with regulators.

28.03 / 18:27

Provident BTC Binance litecoin CEO Tether Bitcoin Bitcoin Price Prediction as Market Gets Spooked By CFTC Lawsuit Against Binance – Can BTC Recover?

In recent times, the Bitcoin market has been facing a significant challenge as the Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance, one of the largest cryptocurrency exchanges. This development has caused unease in the market, leading to speculation on the future of Bitcoin's price.

27.03 / 17:47

Lowe's Binance Digital CEO Platform Strategy CFTC Sues Binance for “Willful Evasion of Federal Law; CEO Unfazed

The Commodity Futures Trading Commission filed suit Monday against Binance CEO Changpeng Zhao (CZ) and three entities that operate the Binance platform, charging them with numerous violations of the Commodity Exchange Act (CEA) and CFTC regulations.

27.03 / 16:59

Binance Digital SEC CEO Platform Top US regulator hits Binance with law suit

The watchdog is charging CEO Changpeng Zhao and three entities that operate the Binance platform with numerous violations of the Commodity Exchange Act (CEA) and CFTC regulations. The complaint also charges Samuel Lim, Binance’s former chief compliance officer, with aiding and abetting. The complaint alleges that over the past four year, Binance has failed in it duty to perform identity verification checks and implement compliance contriols to prevent money laundering over the platform.

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