U.S. Senators Demand Full Federal Probe Into Binance’s Sanctions & AML Controls
A bipartisan group of 11 U.S. senators has formally requested a federal investigation of Binance over alleged violations of sanctions compliance and anti-money-laundering controls.
Lawmakers sent a letter to Treasury Secretary Scott Bessent and Attorney General Pamela Bondi, urging a comprehensive review of the exchange’s systems after reports that roughly $1.7 billion in digital assets flowed through Binance to entities linked to Iranian terrorism, including groups tied to the Houthis and Iran’s Islamic Revolutionary Guard Corps.
The senators also cited findings that:
• Over 1,500 accounts were accessed by Iranian users despite sanctions, and
• Some Binance compliance staff who flagged suspicious activity were reportedly dismissed.
The lawmakers are asking for a formal response and action by March 13 regarding any steps federal agencies plan to take.
Binance has pushed back on the claims, saying it reports suspicious activity and does not allow Iranian users, and denied some of the recent media allegations.
This escalation adds a new layer of scrutiny on Binance’s global compliance framework — and it could carry major implications for regulatory oversight in crypto markets.
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