Binance kept weak money-laundering checks even as it promised tougher compliance

Re:Binance kept weak money-laundering checks even as it prom... by bobulous on Friday January 21, 2022 @01:14PM (#30027570)

"For a corporation of its scale, Binance discloses little public information. It says it does not have a headquarters and does not identify which entity controls its main exchange..."

I don't see the point of giving them the benefit of the doubt. Their outfit is clearly designed to avoid the kind of regulation that would discourage money laundering.

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Re:Binance kept weak money-laundering checks even as it prom... by thebean11 on Friday January 21, 2022 @02:50PM (#30029020)

If you believe regulators are out to get you, this is rational behavior regardless of whether you are breaking the law or not.

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Re:Binance kept weak money-laundering checks even as it prom... by cowpig on Friday January 21, 2022 @04:58PM (#30030512)

This seems like a thought process that can easily rationalize any kind of illegal or immoral activity as "rational," given what you can get away with.

Seems that if society at large thinks this way then we are all much worse off.

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Re:Binance kept weak money-laundering checks even as it prom... by thebean11 on Friday January 21, 2022 @05:50PM (#30030977)

Is not having a corporate headquarters illegal or immoral?

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