A bipartisan group of 11 US senators asked the Treasury and DOJ for a prompt, comprehensive review of Binance’s sanctions and AML controls and compliance with its 2023 settlement. The letter cites reports alleging roughly $1.7 billion in digital assets flowed to Iran‑linked entities (including Houthi and IRGC‑tied groups), over 1,500 accounts accessed from Iran, and possible Russian sanctions evasion. Senators say some compliance staff who flagged suspicious activity were dismissed and that Binance has become less cooperative with law enforcement; they warned that new products (payment cards in parts of the former Soviet Union and stablecoin partnerships) could enable sanctions evasion and requested agencies report back by March 13. Separately, Sen. Blumenthal opened a congressional inquiry and requested documents from Binance’s CEO. Binance denies the allegations and disputes the transfer figures.

Eleven senators formally requested a federal review and set a March 13 reporting deadline; letter cites alleged $1.7B in transfers to Iran‑linked entities, >1,500 Iran‑accessed accounts, potential Russian evasion, dismissed compliance staff, reduced cooperation with law enforcement, and a separate congressional inquiry—concrete regulatory/legal pressure that could affect Binance operations. Binance’s denials are noted but do not negate the formal probes.