Tether Intensifies Fight Against Illicit Crypto Activities, Collaborates with US Law Enforcement

Tether Intensifies Fight Against Illicit Crypto Activities, Collaborates with US Law Enforcement



Tether is reaffirming its dedication to working with U.S. law enforcement and regulatory bodies to combat illegal activities. The company, known for issuing the stablecoin Tether, is intensifying its efforts to curb unlawful crypto transactions. This includes sharing recent communications with the U.S. House Financial Services Committee and the U.S. Senate Committee on Banking, Housing, and Urban Affairs.



In its initial communication, Tether highlighted its focus on know-your-customer (KYC) protocols and adherence to regulations, noting the establishment of a dedicated Compliance Department equipped with a robust KYC/Anti-Money Laundering (AML) program. The company also mentioned that its KYC procedures have been reviewed by the IRS for FinCEN compliance.



Furthermore, Tether disclosed its use of Chainalysis's reactor tool to


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#Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations, #Tether, #US

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