Checkout.com—Terminated relationship with Binance over AML and sanctions compliance concerns
In August 2023, Checkout.com terminated its relationship with Binance, once its largest customer handling $2 billion in monthly transactions in 2021. CEO Guillaume Pousaz sent letters on August 9 and 11 citing concerns over 'regulators actions and orders in relevant jurisdictions' and AML, sanctions, and compliance controls. The decision came months after the SEC filed 13 charges against Binance. Binance threatened legal action but did not pursue it.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Corporate Governance | +toward | primary | +1.00 |
| Overall incident score = | +0.664 | ||
Score = avg(topic contributions) × significance (high ×1.5) × confidence (0.59)× agency (reactive ×0.75)
Evidence (1 signal)
Terminated relationship with Binance over AML and sanctions compliance concerns
In August 2023, Checkout.com terminated its relationship with Binance, once its largest customer handling $2 billion in monthly transactions in 2021. CEO Guillaume Pousaz sent letters on August 9 and 11 citing concerns over 'regulators actions and orders in relevant jurisdictions' and AML, sanctions, and compliance controls. The decision came months after the SEC filed 13 charges against Binance. Binance threatened legal action but did not pursue it.