{"id":190945,"date":"2026-03-06T19:00:42","date_gmt":"2026-03-06T17:00:42","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/binance-denies-sanctions-evasion-allegations-senate-letter\/"},"modified":"2026-03-06T19:00:42","modified_gmt":"2026-03-06T17:00:42","slug":"binance-denies-sanctions-evasion-allegations-senate-letter","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/binance-denies-sanctions-evasion-allegations-senate-letter\/","title":{"rendered":"Binance Denies Allegations of Sanctions Evasion in Senate Letter"},"content":{"rendered":"

In a letter to the Senate Subcommittee<\/a> on Investigations, Binance asserted that the media reports forming the basis of the inquiry contain \u201cfalse, unsupported, and defamatory claims\u201d regarding its internal controls and sanctions compliance systems.<\/p>\n\n\n\n

The company maintains that it enforces rigorous Know Your Customer (KYC) procedures and does not permit users residing in Iran to access the platform.<\/p>\n\n\n\n

The Senate investigation focuses on two entities\u2014Hexa Whale and Blessed Trust\u2014which media reports suggested had indirect links to crypto wallets potentially associated with Iranian subjects.<\/p>\n\n\n\n

According to Binance, the platform launched its own investigation following a tip from law enforcement and subsequently removed both organizations from its system.<\/p>\n\n\n\n

Expanded Compliance Infrastructure<\/h2>\n\n\n\n

The company stated that it has invested hundreds of millions of dollars in compliance systems over recent years, including:<\/p>\n\n\n\n