Odaily Planet Daily News Binance sanctions investigation and compliance team cooperated with the financial monitoring department under the National Bank of Tajikistan and the blockchain intelligence company TRM Labs to successfully arrest members related to the Islamic State of Khorasan Province (ISKP). It is reported that Binance’s team played a key role in identifying, locating and sharing intelligence.
Tigran Gambaryan, head of anti-money laundering compliance at Binance, said in an interview that the investigation involved monitoring a Telegram channel popular among ISIS members and then locating an encrypted wallet address used by the terrorist leader to receive donations. Gambaryan declined to give details of which cryptocurrency the terrorists used, but he said it was not Monero.
Binance said its investigative team had responded to more than 47,000 law enforcement requests in the past year, including those involving state-owned hacking, child abuse and terrorism. Binance says it takes an average of three days to respond to such requests, faster than any traditional financial institution. (Fortune)