Richard

Coin

<ul class="news-points"> 
 <li>Nigeria has summoned Binance CEO Richard Teng over allegations of terrorism financing and money laundering.</li> 
 <li>Ginger Onwusibe, the committee Chairman, has asked Teng to appear before the committee on or before March 4.</li> 
 <li>The Chairman reiterates the country’s obligation to protect the country’s finances and restrict illicit flows.</li> 
</ul> 
Binance, the leading crypto exchange embroiled in a <a href="https://coinedition.com/zhao-pleads-guilty-steps-down-as-binance-ceo-in-4-3bn-settlement/">legal battle</a> since 2023, has been recently <a href="https://punchng.com/reps-summon-binance-boss-over-alleged-terrorism-financing/" target="_blank" rel="nofollow">accused</a> of terrorism financing and money laundering by the Nigerian government. Ginger Onwusibe, the Chairman of The House of Representatives Committee on Financial Crimes, has summoned Binance CEO Richard Teng over the allegations. 
Onwusibe issued a seven-day ultimatum to Binance management, demanding their appearance before the committee on or before March 4 over alleged “suspicious flows” on Binance. Reflecting on the company’s failure to appear for previous panel hearings, the committee warned that the authority would take appropriate measures against the firm if it repeatedly neglected the orders. The committee added, 
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 You cannot run a company with over 10 million …
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The post <a href="https://coinedition.com/nigeria-accuses-binance-of-terrorism-financing-and-money-laundering/">Nigeria Accuses Binance of Terrorism Financing and Money Laundering</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Nigeria Accuses Binance of Terrorism Financing and Money Laundering

Coin Edition

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