French Step Up Money Laundering Investigation Into Binance
- Prosecutors task magistrate with wider powers to lead case
- Binance denies the allegations and vows to fight any charges
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French prosecutors stepped up a money laundering investigation into Binance tasking an investigative magistrate with deeper investigatory powers to lead the case.
The probe, which led to evidence gathering raids in 2023, is examining allegations that the cryptocurrency exchange may have been involved in laundering money stemming from tax fraud and drug trafficking.