US Treasury ‘Privately Demanded’ Binance Comply with Monitoring Deal: Report
Cointelegraph
The US Treasury reportedly pressured Binance to strictly adhere to a 2023 monitoring agreement following concerns over transactions linked to Iran.Summary
The US Department of the Treasury has reportedly demanded that Binance strictly comply with a three-year monitoring program established under a $4.3 billion settlement reached in 2023. This action follows allegations that the exchange facilitated $1 billion in transactions for entities connected to Iran, as well as reports that staff who raised these concerns were terminated. In response, a Binance spokesperson stated the company is committed to cooperating fully with government monitors and welcomes constructive regulatory oversight to strengthen its anti-money laundering controls.
(Source：Cointelegraph)