Binance Under Investigation in France for 'Aggravated' Money Laundering

.binance is under investigation by French authorities on suspicion of 'illegal' provision of crypto services and 'acts of aggravated money laundering.' Binance says French authorities visited local offices last week. By iamsandali and jackschickler

The Paris public prosecutor confirmed to CoinDesk that an investigation concerning Binance by the specialized interregional jurisdiction of Paris led to a referral to the SEJF, an anti-financial crime arm of the government, in February 2022."The documentary and computer elements collected during the search will now have to be the subject of an in-depth study," the prosecutor said.

"We continue to work closely with regulators and law enforcement agencies on all ongoing compliance requirements to uphold high standards," a Binance spokesperson said in an emailed statement."Binance invests considerable time and resources into cooperating with law enforcement globally. We abide by all laws in France, just as we do in every other market we operate.

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