French Authorities Expand Probe into Binance for Financial Crimes
- Investigation covers alleged money laundering and tax fraud from 2019 to 2024.
- Probe initiated by JUNALCO, part of the Paris public prosecutor’s office.
- Binance denied allegations and plans to contest any charges.
- Initial investigation began in June 2023 for unauthorized crypto services.
- Former CEO Changpeng Zhao sentenced to four months in U.S. prison for compliance failures.
- Zhao stepped down as CEO; Richard Teng appointed as new CEO.
The French authorities have expanded their investigation into Binance, focusing on alleged financial crimes between 2019 and 2024. The probe, led by JUNALCO, involves accusations of money laundering and tax fraud. Binance has denied these allegations and intends to fight any charges.
Source (2.6)https://www.coindesk.com/policy/2025/01/28/french-prosecutors-expand-money-laundering-tax-fraud-probe-against-binance-reuters?rand=52298
