Binance Teamed Up With US Law Enforcement, Took Down Suspected Money Launderers
The story Binance is trying to sell sure is juicy. A little too convenient, considering the year the company’s had, but hey… Binance is be facing criminal investigations in the US, the UK, and Japan among others. This time, however, they proved that they want to “be the industry leader” and not just the world’s […]
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According to a statement from the Dutch Fiscal Information and Investigation Service (FIOD), law enforcement officials in Amsterdam arrested an unnamed 29-year-old suspected of developing the ethereum mixing application Tornado Cash. FIOD accuses the suspect of “concealing criminal financial flows and facilitating money laundering through the mixing of cryptocurrencies.” Netherlands Law Enforcement Takes Suspected Tornado Cash Dev Into Custody, Officials Hint About the Possibility of Future Arrests Four days ago, the U.S. Treasury Department’s watchdog, the Office of....
Since the growing crypto issues, high inflation, and happenings like the Terra collapse have shocked the world, law enforcement agencies, including China, have been working actively to protect users and capture criminals. China has busted a new group in a recent crackdown on money launderers. Cybercriminals and fraudsters from almost every corner of the world […]
Since the crypto industry has widened its boundary in recent years, it has pushed law enforcement agencies globally to supervise the digital assets ecosystem to prevent unpleasant activities. It resulted in sanctions on the crypto service companies and investigations into suspected entities facilitating illegal transactions linked with money laundering or other financial crimes. Similarly, Binance, […]
The Fed and the Financial Crimes Enforcement Network want to lower the threshold for reporting financial transactions and make sure crypto is included.
Crypto exchange Binance was the prime assistant in an official investigation by Thailand’s law enforcement agency. The crypto trading venue often boasts about its cooperation with international regulators and law enforcement bodies and this time, it claimed to have taken a critical role in shutting down a crypto scam network. Related Reading: CZ Says Binance […]