The U.S. Treasury is reportedly asking Binance to comply with monitoring requirements tied to a 2023 settlement over sanctions and money-laundering charges. According to reporting, Treasury officials have privately demanded that Binance adhere to the compliance program described in the earlier deal, after new accounts circulated that more than $1 billion may have flowed to Iran-linked groups through Binance. The Block reports that the Treasury’s demand is connected to Binance’s obligations under the 2023 guilty plea or settlement arrangement, which includes specific monitoring and compliance guidelines. CoinTelegraph similarly describes a letter from Treasury officials to Binance urging adherence to the monitoring agreement, citing the same type of concern about transactions potentially linked to Iran. Both outlets frame the matter as a compliance enforcement step tied to the earlier resolution, rather than as a new charge in the report. The reports do not indicate the immediate outcome of the Treasury’s request, but they describe ongoing scrutiny of Binance’s adherence to monitoring expectations under the 2023 terms.
US Treasury presses Binance to meet monitoring terms amid Iran-linked transaction reports
The U.S. Treasury is reportedly asking Binance to comply with monitoring requirements tied to a 2023 settlement over sanctions and money-laundering charges. According to reporting, Treasury officials...
- U.S. Treasury officials reportedly demand Binance comply with monitoring guidelines tied to a 2023 resolution.
- Reporting links the renewed scrutiny to allegations that over $1 billion flowed to Iran-linked groups.
- CoinTelegraph says Treasury officials sent a private letter to Binance about compliance.
- The Block says Binance is required to follow the monitoring program as part of its 2023 guilty plea resolution over sanctions and money laundering.
- The reports describe enforcement of existing compliance obligations rather than detailing a new legal case.
US Treasury officials reportedly sent a letter to Binance pressing the crypto exchange on compliance with a 2023 deal, after reports circulated that the company had facilitated transactions linked to Iran.
3 months agoBinance is required to comply with monitoring program as part of pleading guilty to charges in 2023 related to sanctions and money laundering.
3 months ago
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