US Senator Investigates Binance for Alleged Sanctions Violations
- Richard Blumenthal is investigating Binance over alleged Iranian money laundering and Russian oil trade sanctions evasion.
- The investigation cites reports of Binance partners facilitating illicit transactions with Iranian entities and terrorist groups.
- Binance reportedly maintained 2,000 Iranian-linked accounts, enabling nearly $2 billion in transfers despite compliance warnings.
- Blumenthal requested records on these transactions and any related dismissals of compliance staff.
- The senator set a March 6 deadline for Binance to provide the requested documents.
- Binance disputes the allegations, claiming a significant reduction in Iran-linked activity and denying compliance staff terminations over these issues.
The investigation by Richard Blumenthal into Binance highlights ongoing regulatory challenges for the exchange amid allegations of facilitating illicit activities linked to Iran and Russia. The company disputes these claims, asserting a decrease in related activities.
Source (3.2)https://cryptobriefing.com/binance-iran-probe/?rand=59535
