Manhattan US Attorney leading probe into Binance’s Iran compliance: Bloomberg
Summary
The Manhattan U.S. Attorney’s Office is reportedly investigating whether Binance knowingly facilitated trading that violated U.S. sanctions on Iran. The Justice Department’s Criminal Division in Washington is also involved, according to people familiar with the matter. This expands on a March report that the DOJ was examining whether Iran used Binance to evade sanctions, though it was unclear then whether Binance itself, its users, or both were being investigated. Binance said it has a zero-tolerance policy for sanctions violations, cooperates with law enforcement, and works to root out bad actors. An investigation does not imply wrongdoing and may end without charges.
