Episode Details

Binance Denies Aiding Iranian Financier Despite WSJ Report: A new report from the Wall Street Journal claims Binance processed $850 million in transactions linked to a sanctioned Iranian financier, allegedly funneling money to Irans Islamic Revolutionary Guard Corps. Binance CEO Richard Teng refutes these claims, stating the exchange never allowed transactions with sanctioned individuals and had already investigated these issues. The Journals investigation points to Babak Zanjani as a central figure, with his firm and associated accounts reportedly operating through Binance for over two years. Despite Binances guilty plea to anti-money laundering and sanctions violations last year, the company maintains a zero-tolerance policy for illicit activity and ongoing commitment to compliance programs.

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