Binance has been fined $2.25 million (Rs 18.82 crore ) by India’s Financial Intelligence Unit (FIU) for violating the country’s anti-money laundering regulations, reports Reuters. “After considering the written and oral submissions of Binance, the Director, FIU-IND, based on the material available on record, found that the charges against Binance were substantiated” the financial watchdog
The Department of the Treasury has outlined the priorities it will pursue this year to step up the fight against illicit finance. The agency aims to increase transparency, leverage partnerships and support responsible technological innovation, it said in a Thursday (May 16) press release announcing the publication of its “2024 National Strategy for Combating Terrorist and Other Illicit Financing.” One
Published 1 minute earlier on The Prosecutor’s Office of the Republic of Bulgaria ended criminal proceedings against the crypto lender Nexo and has found no evidence of money laundering, tax crimes, computer fraud or other criminal activity. The main reasoning behind the decision was that crypto assets are not considered financial instruments in the country