Binance Faces US Probe Over Iran Sanctions Violations

US-based prosecutors are investigating Binance over potential Iran sanctions violations.

The probe, led by the Manhattan U.S. Attorney's Office and involving the Justice Department's Criminal Division in Washington, examines whether Binance knowingly permitted trading that violated sanctions on Iran.

Bloomberg reported that authorities are looking at whether the exchange's compliance controls were adequate nearly three years after its $4.3 billion criminal resolution with the Justice Department.

Binance has maintained a zero-tolerance policy toward sanctions violations and claims to fully cooperate with law enforcement, but the investigation follows months of disputes over Iran-linked activity on the platform.