_🚨⚠️🚨Binance Executive Freed, Company Faces Trial 🚨_
_Key Developments 📝_
1. Tigran Gambaryan, Binance executive, released by Nigerian court 🕊️
2. Charges dropped due to poor health and diplomatic considerations 🤝
3. Case against Binance continues: currency speculation accusations 💸
_Charges Against Binance 📝_
1. Money laundering 🚫
2. Unregistered money transmitting business 🚫
3. Sanctions violations 🚫
_Binance's Previous Convictions 🚨_
1. $4 billion resolution in US federal charges 🤝
2. Admitted prioritizing growth over compliance 📊
3. Founder Changpeng Zhao pleaded guilty to AML failures 🚫
_Consequences for Binance 📝_
1. $4 billion financial penalty 💸
2. Independent compliance monitor for 3 years 👥
3. Enhanced AML and sanctions compliance programs 💻
_Expert Insights 💡_
1. "Binance's release doesn't clear company's name."
2. "Regulatory scrutiny will continue."
_Conclusion 🤝_
Tigran Gambaryan's release doesn't absolve Binance from ongoing trials and regulatory scrutiny.
