DOJ, FinCEN face questions over Binance monitorships and Iran activity
Lawmakers are questioning the DOJ and FinCEN about Binance's compliance oversight and alleged facilitation of Iran-linked transactions.Summary
US lawmakers, including Senator Richard Blumenthal, are pressing the Justice Department (DOJ) and the Financial Crimes Enforcement Network (FinCEN) for answers regarding their oversight of Binance. This scrutiny follows allegations that Binance facilitated nearly $2 billion in crypto transactions to Iran-linked entities, even while monitors were in place as part of a $4.3 billion settlement from 2023. Further complicating matters, at least five compliance investigators reportedly involved in overseeing Binance were terminated in late 2025, though Binance denies any connection to the Iran findings. The DOJ has also launched an investigation into whether Iran used Binance to evade US sanctions and fund militant groups. The scope of this probe is still unclear, and Binance has sued The Wall Street Journal for a story that allegedly triggered the DOJ's investigation.
(Source：Crypto Briefing)