U.S. Senate Democrats asked Treasury, DOJ to probe Binance's illicit finance controls

U.S. Senate Democrats asked Treasury, DOJ to probe Binance's illicit finance controls

Nine lawmakers asked the federal agencies to investigate the global crypto exchange after reports of potential funding channeled to terrorist groups.

11 US Senators Urge Probe Into Binance’s AML Controls - Invest In Crypto News

A group of 11 US senators has asked federal authorities to investigate whether crypto exchange Binance is complying with US sanctions and Anti-Money Laundering (AML) requirements, citing recent reports. In a letter on Friday to Treasury Secretary Scott Bessent and Attorney General Pamela Bondi, the lawmakers urged a “prompt, comprehensive review” of the exchange’s compliance controls and its adherence to settlement agreements reached in 2023. Th…

11 US Senators Urge Probe Into Binance's AML Controls

A group of 11 US senators has asked federal authorities to investigate whether crypto exchange Binance is complying with US sanctions and Anti-Money Laundering (AML) requirements, citing recent reports. In a letter on Friday to Treasury Secretary Scott Bessent and Attorney General Pamela Bondi, the lawmakers urged a “prompt, comprehensive review” of the exchange’s compliance controls and its adherence to settlement agreements reached in 2023. Th…

Senators Target Binance in Sanctions and AML Probe Request

Key Takeaways U.S. senators urged a federal review of Binance’s sanctions and AML compliance. Lawmakers cited reports of $1.7B in digital assets allegedly flowing to Iranian-linked entities. Concerns include potential Russian sanctions evasion and access by Iranian users. Binance denies the allegations and says it reports suspicious activity to authorities.. In a letter sent to Treasury Secretary Scott Bessent, the lawmakers requested a “prompt…

Eleven U.S. Senators Are Asking the DOJ to Investigate Binance Over Sanctions Violations More Stories ETHNews

A bipartisan coalition of eleven U.S. senators has formally requested that the Department of Justice and the Treasury Department investigate Binance for potential violations of international sanctions and anti-money laundering laws. The allegations are centering on the facilitation of billions of dollars in transactions to sanctioned entities in Iran and Russia. The Allegations The request, led by Senator Mark Warner of Virginia and Senator Eliz…

11 US senators request federal probe into Binance’s sanctions compliance

Lawmakers urge US regulators to review Binance’s AML and sanctions controls after reports of Iran-linked transactions and potential evasion risks.