Binance, one of the world’s largest cryptocurrency exchanges, is under investigation by the Justice Department and Internal Revenue Service, Report informs referring to Bloomberg.

As part of the inquiry, the officials who probe money laundering and tax offenses have sought information from individuals with insight into Binance’s business, the report said.

“We take our legal obligations very seriously and engage with regulators and law enforcement in a collaborative fashion,” a spokesperson for Binance said in an email, adding that the company does not comment on specific matters or inquiries.

“We have worked hard to build a robust compliance program that incorporates anti-money laundering principles and tools used by financial institutions to detect and address suspicious activity,” the spokesperson added.