Binance Dealt Another Blow: India’s Financial Watchdog Imposes $2.2M Fine For AML Violations

Brenda Ngari

Binance Responds to SEC's Complaint, Pledges "Vigorous" Defense Amid Overwhelming Industry Support

India’s Financial Intelligence Unit (FIU) has imposed a $2.2 million fine against Binance — the world’s largest cryptocurrency exchange by trading volume — for running afoul of the country’s anti-money laundering rules.

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Binance Dealt Another Blow: India’s Financial Watchdog Imposes $2.2M Fine For AML Violations