The largest Binance cryptocurrency could help the Russians in the extortion of US sanctions - the media

According to journalists, the investigation is conducted by the National Security Department of the Ministry of Justice, aimed at finding out whether the officials of Binance have been violated by the sanctions related to Russia's invasion of Ukraine. According to one of the sources, Binance is negotiating with the Ministry of Justice to allow preliminary complaints that the exchange was used to evade Iran's sanctions before.

The company statement states that it fully adheres to all US and international financial sanctions. "In 2021, Binance initiated the full restructuring of its corporate governance structure, including the involvement of experienced world -class executives to radically change the global binance activities," the statement reads.

Representatives of the cryptocurrency stated that the protocols of the company are competing with any in the traditional banking system, and each client must undergo control, which includes inspection of the country of residence and personal identification. "Our policy requires absolute intolerance for double registration, anonymous persons and hidden sources of money," Binance added. The Ministry of Justice refused to comment.

Journalists recalled that Binance is already involved in numerous criminal investigations. For example, in March, the Washington regulator stated that Binance had violated its rules for years. Also, the internal income service, as well as the Federal Prosecutor's Office, check the compliance with the binance obligations to combat money laundering. Binance stated that she is serious about her legal obligations and cooperates with regulatory bodies and law enforcement agencies.

We will remind that the media told how allies of Ukraine want to tighten sanctions against the Kremlin. The key purpose of the event is to close the "loopholes" so that the Russian Federation can not bypass existing sanctions. The new plans of the Allies, according to journalists, will be presented during a meeting of the leaders of the Great Seven in Japan at the end of May 2023. It was also reported that Britain was offered an "Economic Ramstay" to support Ukraine.