Catenaa, Friday, September 19, 2025-Binance is in talks with the US Justice Department to remove a compliance monitor from its $4.3 billion settlement, Bloomberg reported.
The monitor was part of the penalties imposed after Binance admitted to violations of U.S. anti-money laundering and sanctions rules last year.
The measure was intended to provide oversight of the company’s internal controls for several years.
A Bloomberg report cited sources said that the Justice Department was reconsidering the broader use of monitors.
Other companies facing enforcement actions have also seen such requirements reduced or eliminated in recent months.
Removing the monitor could ease the financial and operational burden on Binance, which has been under intense scrutiny from regulators worldwide.
The company has faced heavy criticism over governance and compliance, and the monitor was seen as a key safeguard by US officials.
Binance agreed to the $4.3 billion settlement in November 2023, marking one of the largest corporate penalties in US history.
Former Chief Executive Changpeng Zhao stepped down as part of the agreement, and the company pledged to strengthen compliance functions.
A final decision from the Justice Department has not been announced, and talks are ongoing. Binance has not publicly commented on the negotiations.
