The Financial Crimes Investigation Board (MASAK) has conducted an investigation into the Anti-Money Laundering Law also known as the AML Law.
MASAK, Turkey’s financial news agency under the Ministry of Finance and Treasury has found Binance guilty of violating a law in Turkey designed to prevent the laundering of criminally acquired money. MASAK has fined Binance Turkey 8 million liras (nearly $750,000) after the crypto exchange failed the financial regulator’s anti-money laundering (AML) compliance review.