Newly appointed Binance CEO, Richard Teng, faces summons by Nigeria’s House of Representatives Committee on Financial Crimes over concerns regarding the company’s lax Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, which are suspected to have facilitated terrorism financing and money laundering activities. According to local reports, Committee Chairman Ginger Onwusibe issued the ultimatum … Continue reading Nigeria’s financial regulatory authority calls upon Binance CEO regarding apprehensions about criminal activities.