Binance Denies Allegations of Sanctions Violations and Investigator Firings
- Internal investigators reportedly found over $1 billion in transfers linked to Iranian entities on Binance from March 2024 to August 2025.
- The transactions involved Tether’s USDt (USDT) stablecoin on the Tron blockchain, according to a Fortune report.
- Binance refuted claims that it fired compliance investigators for raising concerns about these transactions, stating no violations occurred.
- The exchange conducted an internal review with external legal advice and found no evidence of sanctions law violations.
- In a settlement with US authorities in late-2023, Binance agreed to pay $4.3 billion for Anti-Money Laundering (AML) and sanctions violations.
The allegations against Binance come amid ongoing scrutiny following its previous settlement with US regulators, which included a commitment to enhance compliance measures. The company maintains that it continues to cooperate under monitoring requirements.
Binance’s denial of wrongdoing emphasizes its assertion that no compliance issues were reported by dismissed staff, as highlighted by the investigation into over $1 billion in transactions linked to Iran.(Source)
