Binance Says Reuters "Missed Critical Facts" On Terrorist Accounts Seized By Israel
It also questions Binance’s compliance policies for preventing and tackling cryptocurrency-based financing of terrorism. Last year, Binance disputed reports by Reuters on weak anti-money laundering controls by the exchange. Binance called the illicit-fund calculations inaccurate and the descriptions of its compliance controls “outdated.” advertisement Binance Response To Israel Seized 190 Accounts Linked To Terrorist Groups Crypto exchange Binance said Reuters missed critical facts in its report questioning the compliance policies of the exchange. Binance ’s policies and processes comply with AMLD5/6 Anti-money laundering and counter-terrorism financing requirements, saying “This is a topic we take very seriously.” The exchange has counter-terrorism specialists, tools to detect and address suspicious activity, and a robust compliance program. It has partnered with law enforcement agencies and authorities to identify and ...