The record
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- Federal prosecutors are investigating whether cryptocurrency exchange Binance failed to prevent transactions prohibited under US sanctions against Iran.
- This probe follows previous enforcement actions where the company admitted to failures in its anti-money laundering and sanctions compliance programs.
- Authorities are currently reviewing the exchange's systems to determine if they adequately blocked Iran-linked trading.
- The investigation reflects an ongoing effort by the US to enforce sanctions against Tehran and its affiliates.
Who said what1
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Binance
1 quote · 1 outlet
“We fully cooperate with law enforcement, and we remain committed to rooting out and shutting down bad actors”
In the article
…and the Justice Department’s criminal division declined to comment on the investigation. Binance, meanwhile, said it maintains a zero-tolerance approach to sanctions violations and is cooperating with authorities. “ We fully cooperate with law enforcement, and we remain committed to rooting out and shutting down bad actors ,” the company said in a statement to Reuters. The latest investigation comes as Washington has intensified its sanctions campaign against Iranian entities and individuals accused of supporting Tehran and its regional…
Coverage1
All filed from India
Named United States · Iran · Binance · Changpeng Zhao · Donald Trump · Justice Department · US Attorney’s Office for the Southern District of New York
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