Binance under US investigation for violating Russian sanctions.
TL;DR Summary
The US Department of Justice's national security and crime divisions are investigating Binance for allowing Russians to use the cryptocurrency exchange in violation of US sanctions. Binance is also facing accusations of AML and KYC violations. The company has stated that it is compliant with US and international sanctions and that its KYC protocols are in line with traditional banking. Binance is not the only crypto exchange to face sanctions violation scrutiny, with Poloniex recently paying a $7.6 million settlement for violating sanctions against several countries.
Topics:business#aml-violations#binance#cryptocurrency#cryptocurrency-exchange#russian-sanctions#us-department-of-justice
- US Justice Department investigating Binance for violating Russian sanctions: Report Cointelegraph
- Binance Faces US Probe of Possible Russian Sanctions Violations Bloomberg
- Crypto giant Binance is reportedly facing US probe for violating Russian sanctions Engadget
- U.S. Justice Department Investigating Binance for Russia-Related Sanctions Violations: Bloomberg CoinDesk
- Binance Faces DOJ Probe Over Possible Breach of US Sanctions on Russia Cryptonews
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
2 min
vs 2 min read
Condensed
79%
401 → 86 words
Want the full story? Read the original article
Read on Cointelegraph