(Updated – October 25, 2024 2:03 PM EDT)
US Probes for Sanctions, Laundering Violations – WSJ
- US federal government is investigating Tether for possible violations of sanctions and anti-money-laundering rules.
- The probe is checking whether Tether has been used to fund illegal activities such as the drug trade, terrorism, hacking, or launder the proceeds.
- The investigation is run by Manhattan U.S. attorney’s office.
- The Treasury Department, meanwhile, has been considering sanctioning Tether because of its cryptocurrency’s widespread use by individuals and groups sanctioned by the U.S., including the terrorist group Hamas and Russian arms dealers.