Binance Investigated By Us For Money Laundering, Tax Detectors Dig Down

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Naijanews May 13, 2021 8:06 p.m.

Binance Investigated By Us For Money Laundering, Tax Detectors Dig Down

In an official statement, Jessica Jung, spokesperson for Binance, said, “We take our legal obligations very seriously and are committed to working with regulators and law enforcement.” Despite a policy of not commenting on specific requests, Ms.

Jung added, “We have worked hard to build a robust compliance program that incorporates anti-money laundering principles and the tools used by financial institutions to detect and deal with suspicious activity.

According to an anonymous source with extensive knowledge of Binance’s practices, officials responsible for money laundering and tax crimes are starting to ask questions.

” Recently, blockchain analytics firm Chainalysis, working with U.S.

federal agencies, found that more funds linked to criminal activity are flowing through Binance than through any other exchange..

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