Tether has published its letters to US authorities, in which the company details its actions to combat money laundering and terrorist financing. She also said that she is actively cooperating with law enforcement agencies. Effective December 1, the accounts of sanctioned individuals with $435 million in assets were frozen.
Tether works closely with the Federal Bureau of Investigation (FBI) and the US Secret Service. This follows from the organization’s letters to representatives of the American authorities.
The company itself published them. The letters are dated November 16 and December 15, 2023. They were addressed to Senator Cynthia Lummis and US Representative French Hill.
In them, the company describes in detail the measures taken to combat money laundering (AML) and the financing of terrorism. They also mention Tether's "active and extensive cooperation" with law enforcement agencies both in the United States and around the world.
The letters name the Department of Justice, the Secret Service and the FBI, among other things. The company also stated that it complies with sanctions from the US Office of Foreign Assets Control.
“Tether is committed to setting new industry standards through its commitment to security, regulatory compliance, and support for law enforcement, hoping to make these practices the norm in the cryptoasset industry,” the organization said in a note.
The letter dated December 15 also indicated that Tether froze the wallets of sanctioned individuals and counterparties with assets worth $435 million.
Since December 1, when new security rules on the platform came into force, there have indeed been several large blocking of addresses by the company.
At the beginning of the month, the company froze 161 addresses at once. , four more wallets were blocked , the total balance of which exceeded $40 million.
