North Dakota revokes Binance.US license due to money transmitter and AML violations

From Cointelegraph: 2024-06-19 00:52:18

North Dakota’s Department of Financial Institutions Commissioner highlighted Binance’s money transmitter and AML convictions in a recent case. The department brought attention to these convictions to support its argument.

The commissioner referred specifically to Binance’s violations in regards to money transmitter and anti-money laundering laws. This information was used to strengthen the department’s case against the cryptocurrency exchange platform.

Binance has faced scrutiny and legal action for its alleged violations of money transmitter and AML regulations in several jurisdictions. North Dakota’s Department of Financial Institutions Commissioner cited these convictions as part of their case against Binance.

Read more at Cointelegraph: North Dakota latest US state to revoke Binance.US license