Yeah, it does seem unfair. However, it's important to note that you must have these controls, and Binance didn't. The effectiveness of these controls is not the point (sadly).
This is a super, super low bar. One can meet the BSA requirements by sending every transaction to the regulators, but Binance didn't even do that.
Yeah, it does seem unfair. However, it's important to note that you must have these controls, and Binance didn't. The effectiveness of these controls is not the point (sadly).
This is a super, super low bar. One can meet the BSA requirements by sending every transaction to the regulators, but Binance didn't even do that.
That should be addressed as well.