The #Paris Prosecutor's Office confirmed that the French justice system is investigating #Binance for aggravated #money laundering.
The Parisian prosecutor's office revealed in its statement that the investigations against Binance date back more than a year. They indicate that JIRS in Paris referred the investigation to the judicial investigation service in February 2022.
According to the prosecution, the investigations against Binance have two key objectives. The first has to do with investigating a possible "illegal exercise" of the exchange's role as a provider of cryptoactive services.
The second objective of the prosecution is to investigate the alleged commission of the crime of aggravated money laundering by Binance. Also considering the alleged investment, concealment and conversion operations carried out by the actors to obtain benefits.
The largest cryptocurrency exchange by trade volume came out and confirmed that there is an investigation against the #company from France.
On Twitter, Binance admitted that French authorities visited the company's offices on-site last week and that "regulatory investigations" are ongoing, without elaborating.