U.S. Treasury Investigates Crypto Exchanges for Iran Sanctions Evasion | TRM Labs Report

The U.S. Department of the Treasury is actively investigating several cryptocurrency exchanges over potential violations of sanctions against Iran, according to blockchain intelligence firm TRM Labs. The probe focuses on whether these platforms facilitated transactions that allowed Iran to bypass international economic sanctions. This regulatory scrutiny highlights the growing emphasis on compliance within the crypto industry, particularly concerning anti-money laundering (AML) and sanctions enforcement. The investigation underscores the risks for exchanges operating without robust geofencing and KYC (Know Your Customer) protocols. Such actions by U.S. authorities signal a continued crackdown on the use of digital assets for illicit finance, potentially impacting the global crypto market's regulatory landscape.