Catenaa, Monday, May 11, 2026- The US Treasury Department has privately ordered Binance to fully comply with a monitoring program tied to its 2023 guilty plea after reports showed more than $1 billion flowed through the exchange to Iran-linked entities in 2024 and 2025, according to a report published Thursday.
Treasury Pressure
The Information reported that Treasury officials recently sent Binance a letter reminding the company of its obligations under a compliance monitoring agreement imposed after the exchange admitted to sanctions and anti-money-laundering violations in 2023.
The letter reportedly followed allegations that large sums moved through Binance accounts connected to Iranian groups while tensions between Iran, the US and Israel continued to escalate.
Treasury Under Secretary for Terrorism Gene Lange reportedly urged Binance to cooperate fully by delivering requested records and documents promptly.
Compliance Scrutiny
Binance said it remains committed to working with independent monitors and regulators.
The company said it is cooperating fully with oversight efforts and is increasing transparency while improving anti-money-laundering controls and response times.
Earlier reports from Fortune and The New York Times alleged Binance investigators uncovered Iran-linked account activity involving more than 1,500 accounts and roughly $1.7 billion in flows connected to entities tied to Iran’s Islamic Revolutionary Guards Corps.
Binance denied claims that employees were dismissed for raising compliance concerns or identifying sanctions-related issues.
Political Fallout
Democratic lawmakers have increased pressure on federal agencies to investigate Binance’s compliance practices in recent months.
Questions also intensified after President Donald Trump pardoned former Binance Chief Executive Changpeng Zhao, drawing criticism from some lawmakers over potential ethics concerns.
Sen. Richard Blumenthal requested additional details in April regarding the independent monitors Binance was ordered to maintain following its plea agreement.
Binance agreed in 2023 to pay more than $4 billion in penalties and operate under independent compliance oversight for three years.
Regional Tensions
The renewed scrutiny comes as Washington and its allies continue economic pressure campaigns targeting Iran during an extended regional conflict.
Federal agencies have increasingly focused on cryptocurrency platforms as part of sanctions enforcement efforts tied to cross-border financial activity.
