‍US Senate Investigates Binance for Alleged Sanctions Violations

Senator Richard Blumenthal has launched a probe into Binance, focusing on claims that the exchange facilitated approximately $1.7 billion in transactions for entities linked to Iran and Russia’s oil sector.

The investigation, led by the Senate Permanent Subcommittee on Investigations, examines alleged sanction evasion, money laundering via intermediary firms, and ignored compliance warnings. Binance disputes the findings, stating significant improvements in its AML and sanctions screening since January 2024. This inquiry follows Binance's 2023 settlement with US authorities and could impact the broader blockchain industry.

https://cryptovka.com/news/us-senate-probes-binance-over-1-7-billion-in-sanctions-violations