Binance Money Laundering Probe Sanctions News: While the crypto market continues to struggle after the FTX related contagion effect, top exchange Binance could be headed for trouble. According to latest reports, the prosecutors found irregularities in the crypto exchange’s compliance program. The findings emerged as part of the the U.S. Justice Department’s criminal investigation that began in 2018. However, the U.S. Department of Justice prosecutors are reportedly divided on the issue of concluding the probe.
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How Likely Is Binance To Face Sanctions?
Recent reports indicated that Binance crypto transactions worth $1 billion for Iran based companies. This potentially put the crypto exchange in danger of violating U.S sanctions. However, a divide of opinion between the prosecutors is delaying the conclusion in the case, as per a latest Reuters report.
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