Kuomintang legislator Wang Hongwei pointed out today at the Finance Committee that Binance has been named by local regulatory authorities in the United States, Canada, India, and other countries for violating anti-money laundering regulations, facing continuous international fines. However, the Ministry of Justice of Taiwan has chosen to cooperate with Binance, which has violated money laundering crimes, to teach Taiwan law enforcement agencies how to prevent money laundering. Wang Hongwei questioned whether such behavior is helping the exchange to whitewash its activities.
Deputy Prosecutor General Chien Mei-hui responded that when prosecuting authorities and criminal police conduct criminal investigations, it is necessary to access financial flow and transaction data, thus establishing channels for data inquiries with international virtual asset exchanges, including Binance.
Legislator Wang Hongwei further accused Binance of involvement in fraudulent activities during subsequent questioning, yet it has been able to meet with relevant departments of the Ministry of Justice multiple times and even hold seminars. Finally, Wang Hongwei requested the Ministry of Justice to immediately cease cooperation with Binance and seek other internationally compliant exchanges.