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Binance Fined $2.25 Million in India for Breaching Anti-Money Laundering Regulations

TMS
India has claimed that Binance, touted as the largest in the world, was not adhering to the Prevention of Money Laundering Act, 2002 (PMLA). Binance was supposedly given a written as well as a verbal submission about FIU’s concerns. The FIU has said that the charges regarding Binance having violated India’s legal requirements to operate its business here stand substantiated.


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