Trump Pardons Crypto Exchange CEO 2 Years After Company's Sanctions Breaches
President Donald Trump last week pardoned Changpeng Zhao, the CEO of Binance, a virtual currency exchange that was fined billions of dollars in November 2023 for allegedly violating multiple U.S. sanctions programs and breaching anti-money-laundering laws (see 2311210076). At the…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
time, Zhao pleaded guilty to failing to maintain an effective anti-money-laundering program in violation of the Bank Secrecy Act. White House press secretary Karoline Leavitt told reporters Oct. 23 that Trump was "exercising his constitutional authority" to pardon Zhao, calling it an "overly prosecuted case by the Biden administration."