The U.S. Department of Justice is reviewing whether Binance has complied with its 2023 settlement agreement, focusing on potential violations of U.S. sanctions against Iran. The review, led by the Manhattan U.S. Attorney’s Office and the DOJ Criminal Division, is examining transactions involving a Hong Kong entity allegedly linked to Iranian oil sales proceeds, including whether Binance knowingly processed transfers that should have been blocked. Binance stated it maintains zero tolerance for sanctions violations. The exchange pleaded guilty in 2023 and agreed to pay over $4.3 billion in fines and forfeitures while accepting an independent compliance monitor as part of its resolution with U.S. authorities.