Commodities
Binance Under Scrutiny Over Iran Sanctions Violations
The world's largest crypto exchange, Binance, is once again under scrutiny by U.S. prosecutors over possible Iran sanctions violations.
A new probe is examining whether Binance allowed Iran-linked transactions to pass through its platform, with the Manhattan U.S. Attorney's Office and the Justice Department's criminal division involved.
Prosecutors are looking into whether Binance's compliance teams knew about certain Iran-linked trading activity and whether the exchange should have stopped it.
The investigation follows a September 14 civil forfeiture complaint seeking more than $61 million in USDT tied to alleged Iranian oil proceeds.