Tether faces US inquiry about alleged AML and sanctions violations

But the world’s biggest stablecoin denies the WSJ’s reports that it is being investigated for possible AML and sanctions violations.

Federal prosecutors in Manhattan are investigating whether Tether violated money laundering and sanctions laws through its use by global criminal networks for drug trafficking, terrorism, and hacking. Specifically, the Justice Department is focusing on whether Tether has been used by third parties to finance such illicit activities or to launder the proceeds

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