(Up to date – October 25, 2024 2:03 PM EDT)
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.
