U.S. prosecutors investigating whether Binance violated Iran sanctions through knowingly processed transactions, following the exchange's $4.3B settlement in 2023.
Regulation & Gov ·
The Manhattan U.S. Attorney's Office is examining whether Binance facilitated transactions that breached U.S. sanctions targeting Iran, with prosecutors investigating the exchange's knowledge of and controls over such activity. The inquiry follows Binance's 2023 guilty plea to money-laundering, unlicensed transmission, and sanctions violations, for which the exchange paid approximately $4.3 billion.
The current investigation centers on whether Binance knowingly enabled Iran-related transfers to complete. Prosecutors are examining both the exchange's awareness of these transactions and the sufficiency of its compliance infrastructure. The specifics of which transactions or time periods fall under scrutiny remain unclear from available reporting.
It is not yet determined whether this represents a separate enforcement action or a continuation of earlier violations, nor has Binance publicly responded to the probe. The scope and timeline of the investigation have not been disclosed.