US Department of Justice Reviews Whether Binance Complied with 2023 Settlement Agreement, Involving Over $4.3 Billion in Penalties

Odaily News: The U.S. Department of Justice is reviewing whether Binance complied with its 2023 settlement agreement with U.S. authorities, focusing on transactions after the settlement that may have violated U.S. sanctions against Iran, including whether Binance allowed through transactions its systems should have blocked. The review is being 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 over $4.3 billion in penalties, while also accepting a compliance monitor.