According to Coindesk, crypto lender Nexo is being investigated by authorities in Bulgaria on suspicion of money laundering, tax offenses, banking without a license and computer fraud.
A statement issued by the Bulgarian authorities said that evidence has been collected that a person who used the platform and transferred cryptocurrencies has been officially declared a terrorist financing person.
A Nexo spokesperson said that Nexo has an office in Bulgaria and it is not customer facing, but only has back office functions – payroll, customer support, compliance. We are one of the most stringent entities with regards to KYC/AML.