US DOJ Reviews Binance's Compliance With $4.3B Settlement Over Suspected Sanctions Evasion

Tysen Duva, head of the DOJ's Criminal Division, confirmed that federal prosecutors are actively reviewing Binance's compliance with its 2023 $4.3B deferred-prosecution agreement. The compliance review follows reports that accounts tied to Iranian financier Babak Zanjani processed approximately $850M through the cryptocurrency exchange. A separate $61M forfeiture case filed in September alleges two Chinese firms used Binance accounts to launder proceeds from a $1.5B Iranian oil network, prompting inquiries from US and Swiss authorities. Binance asserts that it independently investigated the suspicious activity and has already removed the Chinese companies and VIP customers involved. The DOJ has not publicly identified which specific incidents fall under its settlement review, and no new wrongdoing has been formally alleged against Binance or its employees in the recent forfeiture complaint.