Binance accused of money laundering and tax evasion

The US Department of Justice and the Internal Revenue Service are investigating the activities of the largest crypto exchange onsubject of illegal activity.

According to sources inside Binance, regulators investigating the matter are interviewing exchange employees in an attempt to discover information that would support their allegations. 

The cryptocurrency exchange has been successfully operating for a long timeoutside the control zone of regulators. Binance is registered in the Seychelles Islands and has an office in Singapore, however, the company does not yet have a corporate headquarters. 

According to information from Chainalisys – analytical company that works for US regulators – Last year, more dirty money flowed through Binance than through all other exchanges.

A Binance spokeswoman said:

We take our legalobligations. We are open to cooperation with regulators and law enforcement officers. We've worked hard to create a solid compliance program, as well as our AML features and tools to help track illegal activity.

Subscribe to ForkNews on Telegram to keep abreast of news from the world of cryptocurrencies

Based on materialswww.bloomberg.com