A Cryptocurrency Trading Scandal Shines Light on Ineffective Regulatory Measures and AML Oversight

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Friday, March 6, 2026
Author: 
Dimitris Konstantopoulos
Volume: 
42
Issue: 
3
Abstract: 

In late 2025, Binance, the world’s largest digital platform for cryptocurrency trading, uncovered that Iranian-linked entities were active on its platform, possibly violating United States (U.S.) sanctions. Internal investigators determined that billions of dollars were transferred from accounts hosted on Binance’s platform to terrorist organizations with ties to the Iranian government.