• December 5, 2023


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US Authorities Will Check Whether Binance Complies with Anti-money Laundering Laws

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The US prosecutor’s office has recently became interested in Binance for its compliance with anti-money laundering legislation.

At the end of 2020, US law enforcement turned to the management of the trading platform to provide them with internal documentation that could identify suspicious transactions.

According to Reuters, the documents are related to Binance CEO Changpeng Zhao and other top managers of the company, who also analyze user activity in order to detect suspicious transactions.

The Ministry of Justice of the US will examine the documentation received for the last two years.