Binance Faces Fresh U.S. Iran Sanctions Probe as Prosecutors Scrutinize Crypto Trades

A Sept. 22 report by Bloomberg, cited by Reuters, said federal prosecutors are looking into whether Binance knowingly allowed Iran to trade in violation of sanctions. The inquiry follows a criminal settlement of $4.3 billion the crypto exchange had reached with U.S.

law enforcement almost three years prior for sanctions, anti-money-laundering and money-transmission violations. According to reports, the Manhattan U.S.

Attorney’s Office and the Justice Department’s Criminal Division in Washington have opened a criminal investigation into Binance’s compliance with regulations and whether it knowingly handled transactions that it should have prevented from occurring.

Reuters could not independently verify the Bloomberg report about the probe, while the Justice Department declined comment on the report. Breaking: U.S. Prosecutors Probe Binance Over Possible Iran Sanctions ViolationsU.S.