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Binance Says Reuters “Missed Critical Facts” On Terrorist Accounts Seized By Israel

Israeli authorities have seized around 190 Binance crypto accounts linked to terrorist groups, such as Hamas and Daesh, since 2021, according to a document by Israel's National Bureau for Counter-Terror Financing. Reuters questioned Binance's compliance policies for preventing and tackling cryptocurrency-based financing of terrorism. In response, Binance said the exchange's policies and processes comply with anti-money laundering and counter-terrorism financing requirements and that it has counter-terrorism specialists and tools to detect and address suspicious activity. The exchange has also partnered with law enforcement agencies and authorities to identify and prevent terrorism financing. (coingape)

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