Binance brings together authorities from 86 countries in training and reinforces joint efforts
The largest in the world, the platform participated in two relevant actions and seized millions of dollars from crimes in the Netherlands and India
MoneyLab
Joint investigations
In addition to training public authorities, Binance is committed to intensive cooperative work with investigative and law enforcement agents around the world.
Over the past month, Binance's Financial Crimes Compliance (FCC) unit and India's Enforcement Directorate (ED) have worked together to dismantle the E-Nugget scam, a fraudulent digital investment scheme disguised as a gaming platform. The operation led to the identification and freezing of 42 digital asset accounts linked to the scam, totaling nearly US$ 6 million in illicit gains, as well as hundreds of bank accounts, as a result of meticulous analysis of blockchain and vital land operations.
In another action in the Netherlands, the platform collaborated with that country's Tax Information and Investigation Service (FIOD) to freeze millions of euros linked to a major gaming platform exit scam. The company's compliance procedures, money laundering detection tools, and analytics capabilities played a vital role in detecting suspicious activity and helping law enforcement authorities track down the suspect.