US Probes Tether for Sanctions, Laundering Violations – WSJ

US Probes for Sanctions, Laundering Violations – WSJ

• US federal authorities is investigating Tether for attainable violations of sanctions and anti-money-laundering guidelines.
• The probe is checking whether or not Tether has been used to fund unlawful actions such because the drug commerce, terrorism, hacking, or launder the proceeds.
• The investigation is run by Manhattan U.S. lawyer’s workplace.
• The Treasury Division, in the meantime, has been contemplating sanctioning Tether due to its cryptocurrency’s widespread use by people and teams sanctioned by the U.S., together with the terrorist group Hamas and Russian arms sellers.