Tigran Gambaryan, the Head of Binance‘s financial crime compliance unit, remains in detention at Kuje Correctional Centre after his February arrest. The Nigerian authorities are currently in discussions with Binance to facilitate his release. Gambaryan is under investigation by the Economic and Financial Crimes Commission (EFCC) for allegedly assisting with money laundering activities.
The Federal Government has accused Binance of facilitating tax evasion for its customers through the Federal Inland Revenue Service (FIRS). Binance is alleged to have violated five counts by allowing customers to evade Value Added Tax (VAT), neglect filing tax returns, fail to pay Company Income Tax (CIT), and assisting in tax avoidance schemes.
At the Token2049 Crypto Conference in Dubai, Binance CEO Mr. Richard Teng publicly commended the company’s efforts in cooperating with Nigerian law enforcement to tackle the underlying issues. The Ambassador mentioned that “the UK has been working closely with the Nigerian police to find resolutions for the problems causing this predicament.”
Vishal Sacheendran, the Regional Markets Head at Binance, expressed his sense of relief and contentment with the statement, “This is a first for us.” However, Nigerian authorities have raised concerns about possible tax evasions and potential breaches of Binance’s anti-money-laundering regulations.
Read More
- MVRDV Designs Solar-Powered “Sports Club in a Shipping Container” For Refugees
- Roddy Ricch Taps Terrace Martin for Reflective “Lonely Road”
- EXCLUSIVE: Decoding the importance of suspense around cameos in cinematic universe films
- For K-Pop Superstars Twice, Sky’s the Limit: “We Want to Be a Part of History”
- BICO PREDICTION. BICO cryptocurrency
- Abhijeet Bhattacharya’s son expresses displeasure over Dua Lipa and Shah Rukh Khan’s Levitating X Woh Ladki Jo mashup for not giving him credit; ‘Why has it always been about actors…’
- RSR PREDICTION. RSR cryptocurrency
- Binance’s CZ in talks with Sam Altman to explore AI investments
- EUR INR PREDICTION
- INJ PREDICTION. INJ cryptocurrency
2024-04-19 01:11