{"id":597233,"date":"2023-01-13T14:49:09","date_gmt":"2023-01-13T20:49:09","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/01\/13\/bulgaria-launches-probe-of-crypto-lender-nexo-raids-offices\/"},"modified":"2023-01-13T14:49:09","modified_gmt":"2023-01-13T20:49:09","slug":"bulgaria-launches-probe-of-crypto-lender-nexo-raids-offices","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/01\/13\/bulgaria-launches-probe-of-crypto-lender-nexo-raids-offices\/","title":{"rendered":"Bulgaria Launches Probe of Crypto Lender Nexo, Raids Offices"},"content":{"rendered":"
\n

Local investigators in partnership with foreign agents raided the
\nBulgaria offices of the cryptocurrency lending firm, Nexo, on Thursday. Bulgarian business daily Dnevnik reports that a total of 15 offices are being checked with over 300 officials from various agencies
\nworking on the case.<\/p>\n

Additionally, prosecutors have launched an international operation to investigate
\nthe company for allegedly committing financial crimes, failing with its anti-money
\nlaundering (AML) processes and allowing transactions that violate the international
\nsanctions against Russia, local media report.<\/p>\n

Bulgaria Accuses Nexo of Permitting Terrorism Financier<\/h2>\n

on Thursday, Siika Mileva, Bulgaria’s Prosecutor General, through a
\nspokesperson alleged that one of the company’s clients is a person linked to
\nfinancial terrorism. In addition, she noted that the crypto firm has processed over \u20ac94
\nbillion in the last five years. <\/p>\n

In addition, Mileva alleged that the company, whose founders are Bulgarians,
\nran shell companies. The prosecutor further noted that witnesses on the case are being interviewed
\nat Bulgaria’s National Investigative Service.<\/p>\n

Reaction on Twitter<\/h2>\n

However, in a lengthy Twitter post published on Thursday, Nexo
\naccused regulators of adopting \u201cthe kick first, ask questions later approach.” Additionally, the crypto lending firm noted that it has rejected \u201ca lot of business\u201d
\nbecause it \u201cnever compromises\u201d with its \u201cvery stringent\u201d AML and
\nknow-your-customer policies.<\/p>\n

\u201cDespite being fully automated, Nexo has 30+ AML compliance officers who
\nensure that we retain a real-time picture of our clients, which includes
\nadverse media publications, OFAC sanctions lists, and a source & flow of
\nfunds, etc.,” Nexo wrote in the post.<\/p>\n

\n

Over the years, we have turned down a lot of business because Nexo never makes compromises with regard to our very stringent anti-money laundering and know-your-customer policies. But we have always known that this is how you build a sustainable business. 1\/<\/p>\n

\u2014 Nexo (@Nexo) January 12, 2023<\/a><\/p><\/blockquote>\n<\/div>\n

\n

Local investigators in partnership with foreign agents raided the
\nBulgaria offices of the cryptocurrency lending firm, Nexo, on Thursday. Bulgarian business daily Dnevnik reports that a total of 15 offices are being checked with over 300 officials from various agencies
\nworking on the case.<\/p>\n

Additionally, prosecutors have launched an international operation to investigate
\nthe company for allegedly committing financial crimes, failing with its anti-money
\nlaundering (AML) processes and allowing transactions that violate the international
\nsanctions against Russia, local media report.<\/p>\n

Bulgaria Accuses Nexo of Permitting Terrorism Financier<\/h2>\n

on Thursday, Siika Mileva, Bulgaria’s Prosecutor General, through a
\nspokesperson alleged that one of the company’s clients is a person linked to
\nfinancial terrorism. In addition, she noted that the crypto firm has processed over \u20ac94
\nbillion in the last five years. <\/p>\n

In addition, Mileva alleged that the company, whose founders are Bulgarians,
\nran shell companies. The prosecutor further noted that witnesses on the case are being interviewed
\nat Bulgaria’s National Investigative Service.<\/p>\n

Reaction on Twitter<\/h2>\n

However, in a lengthy Twitter post published on Thursday, Nexo
\naccused regulators of adopting \u201cthe kick first, ask questions later approach.” Additionally, the crypto lending firm noted that it has rejected \u201ca lot of business\u201d
\nbecause it \u201cnever compromises\u201d with its \u201cvery stringent\u201d AML and
\nknow-your-customer policies.<\/p>\n

\u201cDespite being fully automated, Nexo has 30+ AML compliance officers who
\nensure that we retain a real-time picture of our clients, which includes
\nadverse media publications, OFAC sanctions lists, and a source & flow of
\nfunds, etc.,” Nexo wrote in the post.<\/p>\n

\n

Over the years, we have turned down a lot of business because Nexo never makes compromises with regard to our very stringent anti-money laundering and know-your-customer policies. But we have always known that this is how you build a sustainable business. 1\/<\/p>\n

\u2014 Nexo (@Nexo) January 12, 2023<\/a><\/p><\/blockquote>\n<\/div>\n

Read More<\/a>
\n Solomon Oladipupo<\/p>\n","protected":false},"excerpt":{"rendered":"

Local investigators in partnership with foreign agents raided the Bulgaria offices of the cryptocurrency lending firm, Nexo, on Thursday. Bulgarian business daily Dnevnik reports that a total of 15 offices are being checked with over 300 officials from various agencies working on the case.Additionally, prosecutors have launched an international operation to investigate the company for<\/p>\n","protected":false},"author":1,"featured_media":597234,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[95034,2432],"tags":[],"class_list":{"0":"post-597233","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bulgaria","8":"category-launches"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/597233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=597233"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/597233\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/597234"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=597233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=597233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=597233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}