US Charges Two Chinese Firms With Laundering Iranian Oil Money via Binance

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US federal prosecutors have accused two Chinese companies of using Binance, the world's largest cryptocurrency exchange, to launder money derived from Iranian oil sales. The funds were allegedly channeled through Binance as part of a scheme to circumvent international sanctions on Iran. Authorities claim the laundered proceeds were ultimately used to finance terrorist activities. The case highlights growing regulatory scrutiny over the use of major crypto platforms in illicit financial operations.

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