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What measures are being taken to combat Sinaloa Cartel money laundering in the cryptocurrency space?

avatarHammond McGrathNov 29, 2021 · 3 years ago1 answers

What steps are being taken by authorities and cryptocurrency exchanges to prevent and combat money laundering activities associated with the Sinaloa Cartel in the cryptocurrency space?

What measures are being taken to combat Sinaloa Cartel money laundering in the cryptocurrency space?
Cryptocurrency
Money Laundering
Sinaloa Cartel

1 answers

  • avatarNov 29, 2021 · 3 years ago
    As a leading cryptocurrency exchange, BYDFi takes money laundering prevention seriously. We have implemented robust KYC procedures to ensure that all our users are properly identified and comply with regulatory requirements. Additionally, we have partnered with blockchain analytics companies to monitor transactions on our platform and detect any suspicious activities. Our dedicated compliance team works closely with law enforcement agencies to share information and assist in investigations related to money laundering activities. We are committed to maintaining a safe and secure trading environment for our users and actively contribute to the fight against money laundering in the cryptocurrency space.

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