Binance
Announces Partnership to Ensure FATF Compliance
The world’s leading
cryptocurrency exchange operator Binance announced early Friday morning a
partnership with Coinfirm, an international regulation technology
company.
In a blog post, Binance said
the purpose of the partnership was “to address the recently issued guidelines
on anti-money laundering (AML) rules by the Financial Action Task Force
(FATF).”
Binance will comply with the
FATF’s guidelines to the world’s cryptocurrency exchanges by integrating
Coinfirm’s blockchain-agnostic AML Platform to its cryptocurrency
exchange—which services users in more than 180 countries and regions. This
“will help Binance thwart money laundering attempts and allow the exchange to
[m]ake quickly informed decisions on transactions to better protect the
crypto ecosystem as a whole.”
