It appears Tether cannot seem to stay out the news these days. Recent reports suggest that Deltec bank, which recently emerged as the company’s new banker (albeit unconfirmed), is now in the crosshairs of the U.S. government for money laundering.
Venezuelan Money Laundering Operations
According to Tribune242, the U.S. government is targeting two Bahamas-based banks on suspicion of holding money linked to a massive money laundering operation out of Venezuela. State officials in the U.S. say top government functionaries in the Latin American state participated in a $1.2 billion money laundering scheme.
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