Anti-Financial Crime & Financial Crime Compliance
Leadership | Insight | Network

Asia-Pacific, Compliance, Crypto

India’s financial watchdog probes Binance over potential laundering through betting app

By Kavya Kothiyal for AMLi

One of the world’s largest crypto exchange platforms has come under fire from India’s financial watchdog in relation to potential breaches of anti-money laundering rules.

Binance Holdings Ltd. Is now under investigation by the country’s Enforcement Directorate for its connection to betting apps run by Chinese operators.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!