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Binance Turkey fined 8m lira for non-compliance with anti-money laundering

Binance Turkey fined 8 million lira (nearly $750,000) by the Financial Crimes Investigation Board (MASAK). After failing the financial watchdog’s audit for monitoring Anti-Money Laundering (AML) compliance. The Financial Crimes Investigation Board (MASAK), Turkey’s financial intelligence unit under the Ministry of Finance and Treasury, found Binance’s Turkey operations in violation of laws designed to prevent […]