U.S. federal prosecutors asked Binance to provide internal records on its anti-money laundering checks in 2020

U.S. federal prosecutors demanded that Binance provide extensive internal records related to its anti-money laundering checks, as well as related communications involving its CEO and founder Changpeng Zhao, according to a 2020 written request seen by Reuters. The December 2020 request is part of an ongoing Justice Department investigation into Binance’s compliance with U.S. financial crimes laws, four people familiar with the matter said. U.S. authorities are investigating whether Binance violated the Bank Secrecy Act, people familiar with the matter said. Changpeng Zhao responded that in 2020, US regulators asked Binance to voluntarily share certain information, and Binance has complied with the request to submit the information.