Summary
- It was reported that Binance, a global cryptoasset exchange, dismissed an internal investigator who reported indications of potential Iran sanctions violations.
- It said that details of the specific alleged violations and the reason for the firing were not disclosed in connection with the raising of the possibility of Iran-related sanctions breaches.
- It said that the company’s official position has not been confirmed, even as Binance has a history of reaching a settlement with U.S. authorities over anti-money laundering (AML) and sanctions-compliance issues.
Binance, the global cryptoasset (cryptocurrency) exchange, has reportedly dismissed an investigator who reported internally that potential violations of Iran-related sanctions had been identified.
According to Solid Intel on the 13th (local time), the investigator raised the possibility of Iran-related sanctions breaches during an internal review process, after which the dismissal took place. No detailed explanation of the specific alleged violations or the reason for the firing was disclosed.
The matter is drawing attention as it was raised while Binance has a history of reaching a settlement with U.S. authorities over past anti-money laundering (AML) and sanctions-compliance issues. However, the company’s official position has not been confirmed.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
