DOJ is reportedly investigating Tether over anti-money laundering (AML) violations.
Tether CEO Paolo Ardoino disputes these claims, asserting no ongoing investigation.
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The U.S. Department of Justice (DOJ) is reportedly investigating Tether, the largest stablecoin issuer, over potential anti-money laundering (AML) and sanctions compliance violations. However, Tether’s CEO, Paolo Ardoino, denies these allegations, calling them “unequivocally false” and asserting that Tether is not under investigation.
Tether CEO Refutes Allegations
Ardoino called the claims in The Wall Street Journal report “regurgitated noises.” He emphasized Tether’s close collaboration with law enforcement to prevent the misuse of its stablecoin, USDT. Ardoino further stated that if such a probe were indeed underway, Tether would be informed, suggesting that the allegations lack foundation.
At Tether, we deal regularly and directly with law enforcement officials to help prevent rogue nations, terrorists and criminals from misusing USDt. We would know if we are being investigated …
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