US probes Binance over possible Iran sanctions violations
The Manhattan US attorney’s office and the Justice Department criminal division are investigating whether Binance allowed transactions that should have been blocked under US Iran sanctions. The inquiry follows a separate civil forfeiture seeking about $61 million in crypto tied to Iranian oil sales and allegations that a wider network moved more than $1.5 billion in proceeds. Binance says it has a zero-tolerance policy on sanctions violations, cooperates with law enforcement and was not named as a defendant in the forfeiture. The probe adds fresh legal risk after Binance’s 2023 guilty plea and $4.3 billion penalties and could prompt further scrutiny.
Binance faces a fresh DOJ probe over potential Iran sanctions breaches.
Context
US prosecutors recently filed a $61 million civil forfeiture over crypto tied to Iranian oil. Binance pleaded guilty in 2023 and paid more than $4.3 billion. The new probe could lead to more enforcement or end without charges.
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