Tether: The Wall Street Journal\’s accusation of falsifying bank documents is completely inaccurate and misleading

According to reports, in response to the Wall Street Journal’s report that the stable currency issuer Tether had opened a bank account through forgery of documents and “shadow intermediary”, Tether has issued a statement on its official website that the Wall Street Journal’s report on the old allegations of a long time ago is completely inaccurate and misleading. Bitfix and Tether have world-class compliance plans and comply with applicable anti-money laundering Know your customer (KYC) and anti-terrorism financing (AML) legal requirements. Bitfinex and Tether are partners of global law enforcement agencies, and often voluntarily assist the United States Department of Justice and other law enforcement agencies around the world to prevent money laundering, terrorism and other criminal activities of bad actors.

Interpretation of this information:

The message being conveyed in this statement is that Tether, a stable currency issuer, strongly denies the allegations made in the Wall Street Journal’s report about the company opening a bank account through forged documents and a “shadow intermediary”. According to Tether, the Wall Street Journal’s report is completely inaccurate and misleading.

Tether further mentions that they have world-class compliance plans in place and they comply with applicable anti-money laundering Know your customer (KYC) and anti-terrorism financing (AML) legal requirements. Additionally, they are partners with global law enforcement agencies and they often voluntarily assist the United States Department of Justice and other law enforcement agencies around the world to prevent money laundering, terrorism, and other criminal activities by bad actors.

The tone of the statement is defensive and the language used is assertive. It is clear that Tether wants to counter the negative allegations made against them by the Wall Street Journal, and is doing so by highlighting their compliance plans and partnerships with law enforcement agencies.

Looking deeper into the statement, we can see that Tether is positioning themselves as a reputable and trustworthy company that takes issues such as money laundering and terrorism financing seriously. They are essentially trying to assure their customers and the public that they are a legitimate business that is operating ethically and within the bounds of the law. By emphasizing their cooperation with law enforcement agencies, they are attempting to build trust and confidence in their customers that they are not involved in any illegal activities.

Overall, the statement can be interpreted as a defensive attempt by Tether to address allegations made against them in the media. It is a clear attempt to set the record straight and assure their customers and the public that they are a reputable and law-abiding business. Whether or not Tether’s claims are true remains to be seen, but the statement reflects the importance of maintaining a positive reputation in today’s competitive business environment.