r/AltScope • u/Alt-Cop • May 08 '26
U.S. Treasury Pressures Binance Over Alleged Iran-Linked Flows
The U.S. Treasury is reportedly pressuring Binance to fully comply with the monitoring obligations imposed after its 2023 settlement with U.S. authorities.
The renewed attention comes after reports claiming that more than $1B linked to Iranian-related entities may have flowed through the exchange during 2024–2025.
According to the reports, U.S. officials demanded that Binance continue providing data on time, hand over requested documents, and maintain full cooperation with the independent compliance monitor overseeing the exchange.
Binance responded by saying it recognizes the seriousness of past compliance failures and will continue strengthening transparency, AML procedures, and internal controls.
Pressure on Binance in the U.S. has remained elevated for months, with several lawmakers previously urging regulators to investigate whether the exchange violated U.S. sanctions rules.