The United States Department of the Treasury has requested Binance to comply with the independent monitoring program agreed upon in its 2023 plea agreement. According to recent reports from The Information, regulatory pressure intensified after it was revealed that more than $1 billion in crypto assets allegedly flowed through the exchange to entities linked to Iran between 2024 and 2025.
The formal request comes amid a context of high geopolitical tension and armed conflicts where Washington seeks to cut off financing routes to sanctioned groups. The Treasury demanded access to critical records and interviews with employees, while Binance maintains it is fully cooperating to improve its transparency and compliance controls. This action has a significant impact on the market, as it reinforces oversight of compliance with Anti-Money Laundering (AML) laws and international sanctions on global platforms.
Currently, Binance is working to accelerate its response times and strengthen its detection systems to mitigate future risks. The next step will be the independent monitor’s assessment of the effectiveness of these corrective measures.
Source: https://goo.su/nju26EX
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