Binance dismisses senior investigators amid sanctions compliance scrutiny
The sources, who spoke on condition of anonymity because the information is not public said the investigators had been reviewing transactions and internal controls related to activity in jurisdictions subject to international sanctions. The precise nature of the findings could not be immediately determined. Binance did not comment on specific perso
nnel decisions but said in a statement that it remains committed to maintaining the highest standards of compliance and cooperating with regulators globally. The dismissals come at a time of intensified scrutiny of digital asset platforms by regulators in the United States, Europe and Asia, particularly over anti-money laundering (AML) controls and adherence to sanctions regimes. Authorities worldwide have increased enforcement actions against crypto firms, citing risks that digital assets could be used to circumvent financial restrictions. Binance, one of the world’s largest crypto currency exchanges by trading volume has previously said it has invested heavily in compliance infrastructure including expanding its legal and investigative teams. The company has faced regulatory actions in multiple jurisdictions in recent years and has pledged to strengthen governance and oversight. It was not immediately clear whether the staff changes were linked to ongoing external investigations or part of a broader internal restructuring. Regulatory bodies contacted for comment did not immediately respond outside regular business hours. Source: AP News