Binance has taken the pledge to counter every fraudulent activity related to the world’s blockchain and ecosystem. To achieve their purpose, they reach out to law enforcement agencies and regulators all over the globe. One such recent example is the Binance Sanctions Investigations team, along with the Ministry of Defence in Israel, pulling the shutter on a terrorist operation connected with the Quds Force and Hezbollah in Iran. They were successful in confiscating a huge amount of cryptocurrency, which was to be used for financing terrorist activities. According to the Binance Sanctions Investigations team, in its quest to identify malafide
US lawmakers are intensifying scrutiny of the crypto sector, with a renewed binance probe now zeroing in on alleged sanctions evasion and terrorist financing links. US senators demand records from Binance More than a dozen US senators have turned their attention to Binance, the worlds largest crypto exchange by trading…
Binance reports 97% reduction in sanctions exposure since 2024, highlighting compliance investments, audits, and global cooperation. Binance announced a major decline in sanctions-related exposure across its platform. The crypto exchange posted new compliance data via an official statement. In addition, the disclosure referred to recent scrutiny over risk controls and…
Key Highlights The inquiry seeks to determine whether Binance reacted appropriately to the concerns raised by its own compliance personnel. The senator asked Binance executives to provide records related to transactions flagged as violating sanctions and internal investigations. Richard Blumenthal, a U.S. senator from Connecticut, has launched a formal inquiry…