US Authorities Will Check Whether Binance Complies with Anti-money Laundering Regulations

The US prosecutor’s office has put its eyes on Binance and wants to check its compliance with the anti-money laundering legislation in force.

US law enforcement turned to the management of the trading platform in 2020 to provide them with internal documentation that could identify suspicious transactions.

Reuters has reported that the documents are related to Binance CEO Changpeng Zhao and other top managers of the company, who also analyze user activity in order to detect suspicious transactions.

The Ministry of Justice will examine the documentation received for the last two years.