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PANews, citing Bloomberg, reported that the U.S. Department of Justice is reviewing whether Binance continued to allow transactions involving Iranian sanctions after the 2023 settlement. Binance said it has zero tolerance for sanctions violations.
Senator Richard Blumenthal wrote to Cantor Fitzgerald CEO Brandon Lutnick, demanding an explanation of its business dealings with Tether as well as its banking business and sanctions-compliance measures.
An account says that a report by the US Senate Permanent Subcommittee on Investigations lists USDT as an important liquidity channel for Iran's shadow banking system. Licensed VASP in the Gulf region may need to strengthen sanctions screening, wallet attribution, and counterparty assessments.
Democratic members of a relevant U.S. Senate subcommittee published a report alleging that USDT was used in Iran’s sanctions-evasion funding network.Tether responded that it had assisted in freezing nearly 550000000 USD Iran-related USDT。
An investigation by U.S. Senate Democrats stated that, among 800 sanctioned crypto wallets, approximately 84%primarily or exclusively used USDT, with the relevant wallets mainly distributed across the Tron and Ethereum networks.