Binance stated that its policy is to cooperate with and comply with all legitimate information requests and legal inquiries made by government, local regulatory, and law enforcement agencies regarding investigations, prosecutions, and confiscations. From June 2020 to February 2024, Binance’s Financial Crime Compliance (FCC) team responded to 626 information requests related to Nigerian law enforcement agencies or investigations involving Nigeria. The average time from submission to resolution was 37.4 hours. The provided information has assisted numerous organizations in Nigeria, including the Nigerian Police Force, the Economic and Financial Crimes Commission (EFCC), and the International Criminal Police Organization (INTERPOL Nigeria), in combating various criminal activities ranging from fraud and deception to money laundering, extortion, kidnapping, and ransom.
