Binance Seeks to Exit $4.3 Billion DOJ Oversight Terms

Crypto News Regulation

Written by Aaron S.,

Editor-In-Chief

Last Updated: September 17, 2025

Key Takeaways

Binance is negotiating with the DOJ to remove a settlement condition requiring a third-party compliance monitor;
The oversight was imposed after Binance paid $4.3 billion in 2023 to resolve accusations of weak anti-money laundering controls;
The DOJ is reviewing the request as it reassesses its broader use of third-party monitors.

Stop overpaying - start transferring money with Ogvio. Join the waitlist & grab early Rewards NOW! 🎁

Binance Seeks to Exit $4.3 Billion DOJ Oversight Terms

BITDEGREE IN YOUR SOCIAL FEED

Binance $4.47B is in discussions with the US Department of Justice (DOJ) to remove a condition from its 2023 legal agreement, according to Bloomberg.

If successful, the decision would eliminate the need for an independent party to oversee the company's compliance activities.

This requirement was introduced following a $4.3 billion deal Binance reached with the DOJ in 2023. That agreement followed accusations by US authorities that the company had weak systems to prevent financial crimes, such as money laundering.

What is a Crypto Airdrop & How to Get FREE Coins? (Animated)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

As part of the deal, a third-party monitor was assigned to review and report on Binance's compliance improvements over a three-year period.

The oversight applies to Binance’s international operations. It does not cover Binance.US, which is structured as a separate company and was not involved in the DOJ settlement.

Bloomberg, citing unnamed sources familiar with the situation, reported that the DOJ is currently reviewing Binance’s request.

In recent years, the DOJ has reconsidered how often it requires companies to undergo external monitoring. Some legal experts believe the department may be adopting a more flexible approach, particularly when companies demonstrate progress on their own.

The Bloomberg report also noted that other corporations have recently avoided or ended similar monitoring arrangements. Examples include Glencore, NatWest, and Austal. These companies reached outcomes with the DOJ that did not involve long-term oversight by external monitors.

Recently, Gemini $72.87M and the US Securities and Exchange Commission (SEC) reached a preliminary agreement and jointly requested a pause in their legal proceedings until December 15. What did the filing reveal? Read the full story.