DOJ Reopens Binance Probe Over Alleged Iran Sanctions Breaches
Photo: CoinCentral
TLDR The DOJ is reviewing whether Binance violated its 2023 settlement agreement. A Wall Street Journal report says accounts linked to Iranian financier Babak Zanjani moved about $850 million through Binance. A separate $61 million forfeiture case names two Chinese firms accused of laundering Iranian oil proceeds. Binance says it blocked and removed the accounts in question after internal investigations. Past deferred prosecution breaches at companies like Boeing and Standard Chartered led to extra fines or new agreements. Federal prosecutors are looking into whether Binance broke the terms of a settlement it signed in 2023.
Source: CoinCentral
