DOJ scrutinizes Binance compliance with 2023 settlement accord

DOJ: The U.S. Department of Justice enforces federal criminal laws, including those concerning sanctions violations and corporate compliance. Its criminal division and the Manhattan U.S. Attorney’s office are actively reviewing Binance’s post-2023 compliance efforts through a targeted investigation into potential sanctions breaches. Binance: Binance operates the world’s largest cryptocurrency exchange, providing trading, staking, and other digital asset services to users globally. The company remains subject to ongoing U.S. regulatory oversight following its 2023 guilty plea and settlement resolving prior anti-money laundering and sanctions issues. Recent reports indicate federal prosecutors are examining whether Binance fully complied with those obligations in relation to Iran-linked activity. Enforcement Focus: The probe involves coordination between the Manhattan U.S. Attorney’s office and the DOJ’s criminal division in Washington, focusing on post-settlement conduct. Regulatory Scrutiny: Federal authorities are examining whether Binance knowingly permitted trading that may have violated U.S. sanctions on Iran, as part of broader compliance checks tied to the 2023 agreement.