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11 US senators request federal probe into Binance’s sanctions compliance

CoinTelegraph|Cointelegraph by Amin Haqshanas|February 28, 2026 at 01:37 PM|1 views

🤖AI Summary

Eleven US senators have called for a federal investigation into Binance's sanctions compliance and anti-money laundering controls. The request follows reports of Iran-linked transactions on the platform and concerns about potential sanctions evasion risks.

Key Takeaways

→Eleven US senators formally requested federal regulators to probe Binance's sanctions compliance procedures.
→The investigation request stems from reports of Iran-linked transactions occurring on the Binance platform.
→Lawmakers are specifically concerned about Binance's anti-money laundering and sanctions control mechanisms.
→The move highlights ongoing regulatory scrutiny of major cryptocurrency exchanges in the United States.
→Potential sanctions evasion risks through crypto platforms remain a key concern for US policymakers.

#binance #sanctions #compliance #us-senators #investigation #aml #iran #regulation #crypto-exchange

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