Crypto — Binance loses senior compliance leaders across financial crime and monitoring units as DOJ examines alleged Iran links

Binance has seen a wave of departures among senior compliance executives in recent months, affecting teams responsible for sanctions, investigations and financial-crime surveillance, Bloomberg reported, citing a review of an internal organization chart. The exits include the leaders overseeing global investigations, special investigations, Asia-Pacific intelligence, financial crime investigations and transaction monitoring. Binance described the moves as "natural turnover and performance management," adding that its compliance organization of about 1,500 people remains in place. The staffing changes come as the U.S. Department of Justice is reportedly probing whether Iran used Binance to bypass sanctions, according to The Wall Street Journal. In February, Sen. Richard Blumenthal opened a Senate inquiry following reports that employees who flagged nearly $2 billion in transfers tied to Iranian entities were dismissed. Binance disputes that amount, saying an internal review found $126 million in indirect exposure.