US Probes Tether for Sanctions, Laundering Violations – WSJ

US Probes for Sanctions, Laundering Violations – WSJ

• The US federal authorities is investigating Tether for potential violations of sanctions and anti-money laundering guidelines.
• The probe examines whether or not Tether has been used to finance unlawful actions equivalent to drug trafficking, terrorism, hacking or cash laundering.
• The US Legal professional's workplace in Manhattan is main the investigation.
• In the meantime, the Treasury Division thought of sanctioning Tether because of the widespread use of its cryptocurrency by US-sanctioned people and teams, together with the Hamas terrorist group and Russian arms sellers.