The Information reported that the US Treasury Department demanded Binance strengthen its compliance after media reports alleged that Iran was evading US sanctions through Binance. Previously, the New York Times and Wall Street Journal had raised suspicions that Iran was circumventing US sanctions and funding terrorist organizations through Binance. This demand is interpreted as a follow-up to the large-scale agreement Binance made with US authorities in 2023. At that time, Binance agreed to pay a fine of 4.3 billion dollars in connection with charges of anti-money laundering and sanctions violations, and promised to implement an independent compliance monitoring system. It appears that the Treasury Department used these allegations as an opportunity to check whether Binance is properly fulfilling its obligations under the existing agreement and demanded the blocking of Iran-related transactions and the strengthening of internal controls.
