727 FinancePANews October 10 news, according to Bloomberg, the U.S. Department of Justice is reviewing whether Binance has complied with its 2023 settlement agreement with U.S. authorities, focusing on transactions after the settlement that may have violated U.S. sanctions on Iran, including whether Binance knowingly allowed transactions that its systems were supposed to block. The review is led by the U.S. Attorney's Office for the Southern District of New York and the Justice Department's Criminal Division, and involves a Hong Kong entity accused of helping transfer payments for Iranian oil sales. Binance responded that it has zero tolerance for sanctions violations. Binance previously pleaded guilty in 2023 and agreed to pay more than $4.3 billion in forfeiture and penalties, while also accepting a compliance monitor.
PANews October 10 news, according to Bloomberg, the U.S. Department of Justice is reviewing whether Binance has complied with its 2023 settlement agreement with U.S. authorities, focusing on transactions after the settlement that may have violated U.S. sanctions on Iran, including whether Binance knowingly allowed transactions that its systems were supposed to block. The review is led by the U.S. Attorney's Office for the Southern District of New York and the Justice Department's Criminal Division, and involves a Hong Kong entity accused of helping transfer payments for Iranian oil sales. Binance responded that it has zero tolerance for sanctions violations. Binance previously pleaded guilty in 2023 and agreed to pay more than $4.3 billion in forfeiture and penalties, while also accepting a compliance monitor.