Bloomberg: Binance’s accusations include failing to block transactions with terrorist groups and countries subject to U.S. sanctions

Odaily News According to Bloomberg, in a document made public on Tuesday, Binance was accused of three counts, including money laundering violations, conspiring to operate an unlicensed fund transmission business, and violating U.S. sanctions. According to court documents made public on Tuesday, Binance will pay a $1.8 billion criminal fine and forfeit $2.5 billion. According to the U.S. Treasury Department, Binance’s violations include failing to block and report suspicious transactions with terrorist groups, including Hamas’ Al-Qassam Brigades, Palestinian Islamic Jihad, al-Qaeda, and the Islamic State in Iraq and Syria. The announcement comes as Israel and Hamas are embroiled in a war that broke out more than six weeks ago. According to court documents, Binance allowed at least 1.1 million transactions worth more than $898 million related to Iranian customers.