DOJ Reviews Binance’s $4.3B Deal Over Iran Sanctions Concerns
Photo: Crypto News Flash
The U.S. Department of Justice is reviewing whether Binance complied with its $4.3 billion criminal settlement as federal prosecutors investigate cryptocurrency transactions allegedly connected to sanctioned Iranian oil sales. The review places renewed attention on the compliance commitments Binance made in November 2023, when the exchange pleaded guilty to violations of U.S. anti-money-laundering and sanctions laws. According to Bloomberg’s October 10 reporting , the Justice Department is examining the exchange’s adherence to that agreement while authorities pursue a separate case involving approximately $61 million in cryptocurrency.
Source: Crypto News Flash
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