US DOJ investigates Binance over potential Iran sanctions violations

The U.S. Department of Justice (DOJ) has launched a new investigation into Binance to determine if the exchange knowingly allowed transactions linked to Iran, potentially violating U.S. sanctions. This inquiry, led by the Manhattan U.S. Attorney's Office and the DOJ's Criminal Division, follows a recent civil forfeiture filing by prosecutors seeking $61 million in funds allegedly laundered through Binance by two Hong Kong-based companies. While Binance maintains a zero-tolerance policy toward sanctions violations and emphasizes its expanded compliance team of over 1,500 staff, the exchange continues to face scrutiny regarding its historical and ongoing exposure to Iranian-related capital flows.