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esmeralda
@esmeralda
Binance denies France’s claims as legal challenges mount worldwide French authorities have opened an investigation into Binance for alleged money laundering and tax fraud between 2019 and 2024, linked to drug trafficking, expanding scrutiny across the EU. Binance, previously investigated for inadequate Know Your Customer procedures, denies the allegations and pledges to fight them. The exchange has faced regulatory challenges in at least 10 countries since 2021, including a $4.3 billion settlement in the US for AML violations. Binance CEO Richard Teng acknowledged past compliance gaps but emphasized user security. By 2024, Binance strengthened compliance efforts, increasing its compliance team to 645, gaining recognition from FinCEN and other authorities.
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