Native investigators in partnership with overseas brokers raided the
Bulgaria places of work of cryptocurrency lending agency, Nexo, on Thursday. Bulgarian enterprise each day Dnevnik stories {that a} whole of 15 places of work are being checked with over 300 officers from numerous companies
engaged on the case.
Prosecutors have additionally launched a world operation to analyze
the corporate for allegedly committing monetary crimes, failing with its anti-money
laundering (AML) processes and permitting transactions that violate the worldwide
sanctions towards Russia, native media report.
Siika Mileva, Bulgaria’s Prosecutor Common, by means of a
spokesperson alleged on Thursday that one of many firm’s purchasers is an individual linked to
monetary terrorism. She additionally famous that the crypto agency has processed over €94
billion within the final 5 years.
As well as, Mileva alleged that the corporate, whose founders are Bulgarians,
ran shell firms. The prosecutor additional famous that witnesses on the case are being interviewed
at Bulgaria’s Nationwide Investigative Service.
Response on Twitter
Nevertheless, in a prolonged Twitter put up revealed on Thursday, Nexo
accused regulators of adopting “the kick first, ask questions later strategy.
The crypto lending agency additional famous that it has rejected “a whole lot of enterprise”
as a result of it “by no means compromises” with its “very stringent” AML and
know-your-customer insurance policies.
“Regardless of being totally automated, Nexo has 30+ AML compliance officers who
make sure that we retain a real-time image of our purchasers, which incorporates
adversarial media publications, OFAC sanctions lists, and supply & movement of
funds, and so on., Nexo wrote within the put up.
Over time, we have now turned down a whole lot of enterprise as a result of Nexo by no means makes compromises with regard to our very stringent anti-money laundering and know-your-customer insurance policies. However we have now at all times recognized that that is the way you construct a sustainable enterprise. 1/
— Nexo (@Nexo) January 12, 2023
Native investigators in partnership with overseas brokers raided the
Bulgaria places of work of cryptocurrency lending agency, Nexo, on Thursday. Bulgarian enterprise each day Dnevnik stories {that a} whole of 15 places of work are being checked with over 300 officers from numerous companies
engaged on the case.
Prosecutors have additionally launched a world operation to analyze
the corporate for allegedly committing monetary crimes, failing with its anti-money
laundering (AML) processes and permitting transactions that violate the worldwide
sanctions towards Russia, native media report.
Siika Mileva, Bulgaria’s Prosecutor Common, by means of a
spokesperson alleged on Thursday that one of many firm’s purchasers is an individual linked to
monetary terrorism. She additionally famous that the crypto agency has processed over €94
billion within the final 5 years.
As well as, Mileva alleged that the corporate, whose founders are Bulgarians,
ran shell firms. The prosecutor additional famous that witnesses on the case are being interviewed
at Bulgaria’s Nationwide Investigative Service.
Response on Twitter
Nevertheless, in a prolonged Twitter put up revealed on Thursday, Nexo
accused regulators of adopting “the kick first, ask questions later strategy.
The crypto lending agency additional famous that it has rejected “a whole lot of enterprise”
as a result of it “by no means compromises” with its “very stringent” AML and
know-your-customer insurance policies.
“Regardless of being totally automated, Nexo has 30+ AML compliance officers who
make sure that we retain a real-time image of our purchasers, which incorporates
adversarial media publications, OFAC sanctions lists, and supply & movement of
funds, and so on., Nexo wrote within the put up.
Over time, we have now turned down a whole lot of enterprise as a result of Nexo by no means makes compromises with regard to our very stringent anti-money laundering and know-your-customer insurance policies. However we have now at all times recognized that that is the way you construct a sustainable enterprise. 1/
— Nexo (@Nexo) January 12, 2023
