The U.S. Department of the Treasury has privately demanded that Binance comply with a monitoring program imposed by U.S. regulators in 2023, when the crypto exchange pleaded guilty to charges related to sanctions and anti-money laundering violations. The Information reports that the Treasury's demand follows reports of Iran using Binance to bypass sanctions. Binance must now adhere to strict oversight to prevent further illicit activities.
The Information•2 months ago•
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US Treasury Demands Binance Compliance After Iran Crypto Sanctions Breach
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Summary:
U.S. Treasury privately demands Binance comply with monitoring program imposed after 2023 guilty plea for sanctions and AML violations.
Demand follows reports of Iran using Binance to bypass sanctions.
Binance must adhere to strict oversight to prevent further illicit activities.
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