Binance Facing Russia Sanctions Probe — Bloomberg
By RT News
The national security division of the US Department of Justice is looking at whether Binance or any of its officials may have violated the US and EU sanctions on Russia, Bloomberg reported on Friday, citing “people familiar with the matter.”
According to five people who asked not to be named, the US suspects Russian nationals may have moved money through the world’s biggest crypto exchange. The DOJ declined to comment.
Binance told Bloomberg that it complies fully with all US and international sanctions. Its “know your customer” protocols are on par with traditional banks, while its corporate governance structure was “completely overhauled” in 2021 and staffed with a “world-class bench of seasoned executives,” the statement said.