Binance Faces Sanctions Probe Over Alleged Iranian Trading Links
US federal prosecutors are investigating Binance over allegations that it knowingly allowed trades linked to Iran on its platform. The probe is being handled by the Manhattan US attorney's office and the Justice Department's criminal division in Washington.
The transactions under scrutiny were not specified, but authorities are examining whether the exchange violated sanctions on Iran by not stopping certain trading. Binance has maintained a 'zero-tolerance policy for sanctions violations', and cooperates with law enforcement.
The exchange pleaded guilty almost three years ago to failing to comply with US banking and sanctions law, paid $4.3 billion, and took on two corporate monitors. Co-founder Changpeng Zhao stepped down as CEO, served four months in prison, and was pardoned by President Donald Trump last year.