Global cryptocurrency exchange giant Binance, was hit with a consent order earlier this week. John and Elliot, joined by Joe McNamara (AML RightSource) discussed the recent consent order against Binance, highlighting two main themes: the collaboration among various law enforcement agencies and the focus on cryptocurrency compliance. They noted the importance of law enforcement working together and the need for crypto exchanges to adhere to traditional anti-money laundering (AML) obligations. The discussion also covered Binance's failures in reporting transactions linked to terrorism, ransomware, child sexual abuse materials, and darknet activities, and the team's reflections on the implications of this case for the broader financial and regulatory community. Happy Thanksgiving, everyone.