Binance stated that the money-laundering investigation in France was a regular on-site visit The exchange […]
The exchange stated that the investigation was part of the rules for financial institutions but did not specify the matter of the investigationwith the US Securities and Exchanges Commission [SEC] began. In the latest development, reports claimed that the exchange is under investigation by French regulatory authorities for money laundering. The exchange was quick to respond to the news.
Nonetheless, it assured that its customer information was “held securely”. The exchange further added that authorities could access it only through “documented appropriate justification”. The statement alsoWe had an on-site visit last week by the relevant authorities. Binance, as always, was fully collaborative and we met our obligations accordingly. We continue to work closely with regulators and law enforcement agencies on all ongoing compliance requirements to uphold high standards.
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