Binance Receives Compliance Demand from U.S. Treasury: The Information

According to an exclusive report published by The Information, the United States Department of the Treasury has "privately" urged Binance to fully comply with the monitoring program established under its 2023 guilty plea agreement tied to money laundering and sanctions violations.

What's the Scoop?

• Increasing Pressure: According to The Information, the U.S. Department of the Treasury has demanded that Binance comply with the independent monitoring program imposed under its 2023 guilty plea tied to anti-money laundering and sanctions violations. The request follows reporting that more than $1B moved through Binance to entities connected to Iran during 2024 and 2025, amid escalating geopolitical tensions involving the United States.
• Senate Inquiry: U.S. Senator Richard Blumenthal (D-CT) opened an inquiry over alleged money laundering and sanctions behavior, accusations which Binance swiftly rejected, accusing the Senator of relying on false and defamatory reports. Subsequently, Binance today filed a lawsuit against the Wall Street Journal for its reporting on the mater; the news outlet retorted with another report that the Department of Justice had opened an official inquiry into Binance regarding potential sanction evasion.
• Binance Denies: Binance has disputed any reporting of sanctions evasion and denied retaliating against internal investigators. The exchange claims it is "fully cooperating" with the independent monitor and working to improve transparency and compliance response times.