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Binance under investigation in France for money-laundering

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By Benoit Van Overstraeten

Binance, the largest cryptocurrency exchange, is under preliminary investigation by the Paris prosecutors office for both illegal canvassing of clients and aggravated money-laundering, French daily Le Monde reported on Friday.

“In France, on-site visits by regulators and inspectors are part of regulatory obligations to which all financial institutions must adhere. We had an on-site visit last week by the relevant authorities,” a Binance spokesperson said.

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NEWS: Final countdown for U.S. real estate professionals as new AML rules coming in 2025

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NEWS: Europol warns of a rise in social media being used to lure children into drug trafficking gangs

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NEWS: Michael Schmid elected as new President of EU law enforcement agency Eurojust

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