Crypto Trade Binance Investigated in France on Suspicion of ‘Critical’ Cash Laundering

The investigation pertains to illegally working as a digital asset service supplier earlier than it received regulatory approval in Could 2022 and “aggravated cash laundering by collaborating in funding operations, concealment and conversion, the latter being carried out by perpetrators of offenses having generated earnings,” the general public prosecution workplace advised CoinDesk. Binance is registered as a PSAN, or digital asset service supplier, with the French monetary regulator, the AMF (Autorité des Marchés Financiers).