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☎️ PAYEER Fined $10 Million

☎️ PAYEER Fined $10 Million

Day: 10 | Time: 22:25:22 The encrypted payment company Payeer has been fined approximately $10 million in Lithuania for allowing transfers to sanctioned banks. The fine was imposed for violating anti-money laundering regulations and for allowing customers to transfer money to banks subject to sanctions. According to the government agency, this is the highest fine ever imposed on a virtual asset service provider in the country. Payeer is a cryptocurrency exchange and payment service for e-commerce. The company committed violations by not properly verifying customer identities and allowing transfers in Russian rubles through sanctioned banks. Payeer has the right to appeal the decision.

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Source: Cointelegraph