Is Binance a regulated crypto exchange?

Could you elaborate on the regulatory status of Binance, a prominent cryptocurrency exchange? As the industry evolves, regulatory frameworks vary globally, and it's crucial to understand whether Binance adheres to stringent standards. Do they possess licenses or permissions from relevant authorities? Are they subject to oversight and audits? How do they ensure compliance with anti-money laundering and counter-terrorist financing measures? Your insights into these regulatory aspects would greatly assist in assessing the trustworthiness and reliability of Binance as a crypto exchange.