Tycoon Zanjani moved billions for Tehran through Binance - WSJ
Iran used Binance-linked cryptocurrency networks to move billions of dollars tied to regime financing and the Islamic Revolutionary Guard Corps, with some transactions continuing into this month despite sanctions scrutiny, The Wall Street Journal reported.
The report centers on Iranian businessman Babak Zanjani, whom US authorities accuse of helping funnel money to the IRGC.
According to the WSJ, a network linked to Zanjani processed roughly $850 million in transactions over two years through Binance accounts flagged internally for possible sanctions evasion and terrorism financing.
The newspaper said the funds came on top of roughly $1.7 billion that Binance investigators had previously concluded moved through the same Iranian network, according to earlier WSJ reporting.
Binance told the WSJ it does not permit transactions involving sanctioned entities and said it took “all appropriate actions” once accounts were identified.
