Binance receives Treasury letter over potential sanctions violations tied to Iran
Binance received a US Treasury letter seeking interviews and records over potential Iran sanctions violations.Summary
Binance has received a letter from the US Treasury Department requesting employee interviews and records related to potential violations of sanctions involving Iran. This development adds further pressure on the cryptocurrency exchange, which is already operating under a US-appointed monitor following a $4.3 billion settlement in 2023 for anti-money laundering and sanctions violations. The Treasury's request follows reports alleging that over $1 billion in Iran-linked cryptocurrency flowed through Binance. This renewed scrutiny also comes amid an inquiry by Senator Richard Blumenthal and a Justice Department investigation into Iran's use of Binance to evade US sanctions. The exchange has committed to cooperating fully with the Treasury and its independent monitors.
(Source：Crypto Briefing)