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Weekly Roundup: Binance Withholds AML Cooperation, India Targets Human Hair Exports, and More

The U.K.'s Financial Conduct Authority in an internal report accused the local branch of cryptocurrency exchange Binance of refusing to cooperate with regulators and remediate egregious shortcomings in its anti-money laundering controls, the Times reported. More Investigators in India uncovered transactions worth tens of millions of dollars tied to the illegal export of human hair to China, Sakshi Post reported. More The U.S. Treasury Department's Office of Foreign Assets Control imposed a $2.3 million fine on Bank of China's branch in London for unwittingly violating U.S. sanctions by processing more than 100 transactions for two Sudanese clients. More Romania's First...

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