DOJ scrutinizes Binance compliance with its 2023 settlement

Federal prosecutors are examining whether the exchange let Iran-linked transactions slip through after agreeing to clean up its act The US Department of Justice is reviewing whether Binance has lived up to the settlement it signed with American authorities in November 2023. The review is focused on possible violations of US sanctions against Iran. Prosecutors are examining whether Binance knowingly processed transactions that its systems should have blocked. The Manhattan US Attorney’s Office is leading the work alongside the DOJ’s Criminal Division. Their focus is Binance’s compliance machinery and how well it actually performs. The key detail is timing.

Also reported by Blockchain Reporter.

Source: Crypto Briefing