Binance France Under Investigation for Money Laundering Charges
The French authorities have conducted judicial investigations on their obligations. The largest encrypted exchange is accused of money laundering, tax fraud and drug trafficking.
Binance was approved by the regulatory authority in France in May 2022 and became a registered digital asset service provider (DASP) under the supervision of Autofeitédesmarchés Financial House (AMF).
The trouble of law continues
Although it has registered, the regulatory agency now accuses violation of its obligations as a DASP exchange. Investigation may lead to criminal charges of the company.
French allegations Mirror Those ones Binance and its former CEO Changpeng Zhao (CZ) faced in 2023 From the US Department of Justice. At the end of the case, Binance fined a record of $ 4 billion and CZ resignationEssence
But similar Regulatory review The communication that is now shrouded in France. This marks another major regulatory challenge of dual.
“These crimes are related to the period from 2019 to 2024, including French and EU activities. A survey initiated after user complaints and misleading information shows that AMFs were neither registered nor AMF at that time. It is said that Binance passed the advertisement before the legal registration of French law before the legal registration of French law, ” Write Local reporter Grégoryraymond.
The exchange continues to face more and more lawsuits and criminal charges globally.
Add to review, Binance transferred $ 20 million BTC, ETH, and solid Go to winter earlier today. Critics believe that Wintermute uses retail investors to use retail investors for market operations by using artificial liquidity.
The exchanges also faced similar allegations in the past List low market cap ingredient coinEssence
In the United States, the Supreme Court recently ruled For collective lawsuits for BinanceEssence Former investors said the company illegally sold unregistered tokens.
In another case in the UK, Binance is facing the legal action of former senior employeesEssence Amrita Srivastava claims that she was mistakenly fired.
It was said that this happened to her report that a colleague asked for bribes from customers for favorable treatment. The lawsuit filed in November last year added the legal trouble of the exchange.
Overall, regulatory actions for centralized exchanges are increasing. yesterday, Kucoin Acknowledge that operating without licensed currency transmission business in the United States.
The founders Chun Gan and Ke Tang agree Paying a fine of nearly $ 300 millionAvoid prison.
The French authorities have not yet provided more details about voluntary investigations. However, this is not the positive prospect of the largest encryption exchange.
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