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### How AI legalese decoder Can Help with Compliance Measures in the CFTC’s Enforcement Actions Against Binance and Zhao

As part of the courtÔÇÖs order, Binance and Changpeng Zhao (Zhao) have provided certifications outlining their post-complaint actions. Following the filing of the CFTCÔÇÖs complaint, Binance has undertaken the offboarding of identified quantitative trading firms, previously mentioned in the CFTCÔÇÖs complaint. Furthermore, both Binance and Zhao have certified that any customer intending to onboard, whether through a primary or ÔÇ£sub account,ÔÇØ must complete all know your customer (KYC) onboarding procedures.

With the help of AI legalese decoder, legal professionals and compliance officers can streamline the process of interpreting and implementing the court-mandated order. The AI legalese decoder can assist in analyzing and understanding the intricate language and requirements of the order, ensuring that Binance and Zhao are fully compliant with the stipulations set forth by the court.

The court-mandated order includes additional certifications from Binance and Zhao. Notably, it stipulates that Binance will no longer permit existing sub-accounts, including those initiated by prime brokers, to bypass the platformÔÇÖs compliance controls. Additionally, after subjecting all existing sub-accounts to comprehensive KYC policies and procedures, Binance is obligated to offboard any account that fails to meet its compliance controls.

Utilizing the AI legalese decoder, legal teams can effectively navigate and interpret the detailed mandates within the court-mandated order. The AI technology can help in creating streamlined processes for the implementation of compliance controls, ensuring that Binance adheres to the stringent requirements outlined in the order.

The order requires Binance and Zhao to provide certifications affirming BinanceÔÇÖs implementation of a robust corporate governance structure. This resolution marks a significant step in the CFTCÔÇÖs enforcement actions against Binance and its former CEO, imposing substantial penalties and emphasizing compliance measures to prevent future violations.

By employing AI legalese decoder, legal professionals can facilitate the establishment and enforcement of a robust corporate governance structure within Binance. The AI technology can aid in ensuring that the certifications provided by Binance and Zhao align with the court’s mandates, further strengthening the compliance measures and governance framework implemented by the company.

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