Congress continues to probe Iran’s use of Binance. Sen. Richard Blumenthal (D-Conn.) sent out letters on Friday asking for details on the status of two monitors assigned to oversee the world’s largest crypto exchange and its compliance operations.
“I am writing with concern over mounting allegations of dangerously lax anti-money laundering prevention by Binance,” said Blumenthal, in the letters sent to the Justice Department and the U.S. Treasury’s Financial Crimes Enforcement Network.
Spokespeople for the DOJ and FinCEN did not immediately return requests for comment.
As part of a 2023 settlement with Binance over compliance shortcomings, the U.S. government installed two monitors, who separately report to the DOJ and FinCEN, to ensure the exchange put in place appropriate measures to overhaul its compliance program. The monitorships, which began in 2024, were part of a larger plea deal in which Binance paid a $4.3 billion fine related to its failure to impose proper money-laundering and sanctions oversight.
Read more: https://fortune.com/2026/04/17/senator-blumenthal-binance-doj-fincen-treasury-monitorships-status/
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