Binance Says Treasury Sent Letter Over Monitorship of Exchange

Binance, which agreed to a monitor while pleading guilty to US charges related to sanctions and anti–money-laundering violations almost three years ago, received a letter from the Department of the Treasury asking for interviews with employees of the crypto exchange and records to investigate potential sanctions violations, according to a person familiar with the matter.

“Binance is committed to cooperating with the independent monitor and our ongoing collaboration with relevant agencies,” the company said in a statement Thursday. “We welcome constructive feedback from the Treasury and view this oversight as an important part of continuously strengthening our compliance and anti-money laundering controls. We are providing the monitor with full cooperation and transparency.”