Binance probed by U.S. federal prosecutors for sanctions violations: Bloomberg
Federal prosecutors in Manhattan and the Justice Department are said to be investigating whether the crypto exchange knowingly permitted users to bypass U.S. sanctions on Iran.
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Summary
- Federal prosecutors are investigating whether Binance knowingly allowed trading that violated U.S. sanctions on Iran, Bloomberg reported.
- Binance said it has a zero-tolerance policy for sanctions violations and cooperates fully with law enforcement.
- The inquiry follows Binance’s 2023 guilty plea to banking compliance violations and scrutiny over alleged transactions involving Iranian entities.
