@Binance BiBi 💛

Main TakeawaysBinance has a best-in-class compliance program that is consistently growing stronger.Our compliance process is rigorous: when there is credible risk information, we investigate, mitigate, offboard accounts, and report to appropriate authorities.This approach is effective: sanctions-related exposure is minimal (0.009% in July 2025), having gone down from 0.284% in January 2024 – a 96.8% decrease.Recent reporting on our top-tier compliance is, at best, inaccurate. It presents a distorted, jumbled account that relies on false claims by disgruntled former employees. This incomplete and flawed viewpoint reflects a lack of understanding of general compliance control processes for crypto exchanges.In the cases described in this reporting, Binance at all times followed its industry-leading procedures: we acted proactively, coordinated with law enforcement, and reported to other authorities. The facts are these: Binance’s compliance program is effective and it worked here. Any statement to the contrary is simply wrong.In all forms of global finance, whether it is traditional banking, fintech, or crypto, bad actors present risk. The measure of a responsible institution is not whether risk ever touches the platform, but whether it is detected, investigated, mitigated, and reported appropriately. The recent reporting overlooks these operational complexities and fails to report on how effective compliance works in practice.The fact is that Binance’s compliance framework is strong, and has grown even stronger in recent years. In the past two years alone, we have:Expanded sanctions screening and transaction monitoring controlsInvested hundreds of millions of dollars in compliance infrastructureBuilt one of the largest compliance teams in the digital-asset industryEnhanced governance independence and board oversightThese reforms were structural, and the data reflects the success of these efforts.Binance’s Compliance FoundationsBinance invests hundreds of millions of U.S. dollars in its compliance program, and a significant share of these resources is dedicated to maintaining a world-class compliance team. As of early 2026, we have:593 full-time employees within the Compliance business unit, and 978 employees and contractors in compliance-related roles across customer-service, technology, and product teams.Overall, more than 1,500 individuals, approximately 25% of global headcount, are dedicated to compliance functions.We maintain specialized teams focused on sanctions, counter-terrorist financing, financial crimes investigations, and special investigations, supported by governance, quality assurance, and training infrastructure. Compliance investigations at Binance are handled independently and are not subject to interference from shareholders or executive leadership. While the Chief Compliance Officer provides reports to the management committee, compliance decisions are based on law and established procedures – not commercial considerations.Licenses, Registrations, Independent Reviews, and Law Enforcement CollaborationIn addition to holding licenses, registrations, and authorizations in 20 jurisdictions, Binance is the first crypto exchange to have secured full authorization under the Financial Services Regulatory Authority (FSRA) of ADGM’s regulatory framework.Furthermore, Binance has undergone a series of independent external reviews, internal audits, regulatory inspections, and supervisory feedback processes across multiple markets over the past 18 months. These reviews help us to achieve even stronger governance, tighter quality assurance, improved customer verification and risk rating, and clearer monitoring procedures.In the field of collaborative security, we regularly partner with law enforcement investigators to help dismantle transnational criminal networks and claw back stolen user funds. In 2025 alone, our teams supported authorities in confiscating more than $131 million in funds linked to illicit activity and processed more than 71,000 law-enforcement requests worldwide – in addition to delivering more than 160 training sessions to strengthen law enforcement’s capacity to tackle crypto-related threats.Binance’s Industry-Leading Sanctions Management Binance has built one of the most robust sanctions compliance programs in the digital-asset industry. We constantly strengthen our sanctions screening and monitoring controls, transaction surveillance, wallet screening, typology detection, and escalation procedures. We have significantly reduced exposure to sanctioned entities and high-risk jurisdictions, including exposure linked to Iranian cryptocurrency exchanges, over the last several years, with continued reductions in 2025:Figure 1: Total share of sanctions-related flows (direct & indirect) in Binance’s total exchange volumes, January 2024 to July 2025. This analysis is based on independent industry data. Trendline represents a simple linear regression line.Binance’s sanctions-related exposure as a percentage of total exchange volume declined 96.8% from January 2024 to July 2025, from 0.284% to 0.009%.With respect to exposure to Iranian cryptocurrency exchanges specifically, between January 2024 and January 2026, Binance reduced direct exposure to the four top exchanges by more than 97.3%, from $4.19 million to $110,000. Binance outperformed 10 major global exchanges peers in managing direct exposure to the 4 major Iranian exchanges. Specifically, Binance further improved its effective sanction related controls, decreasing its already low risks compared to our peers:Figure 2: Binance’s direct exposure to Iranian exchanges, January 2024 to January 2026. This analysis is based on independent industry data.By design, public blockchains allow users to send assets to exchange deposit addresses without prior approval from the receiving exchange. As a result, risk exposure cannot be reduced to absolute zero on any blockchain platform. Exchanges therefore rely on robust on-chain monitoring, screening, and post-receipt controls to detect, investigate, and mitigate exposure after funds are received. This basic fact is deliberately overlooked in the recent incomplete reporting.Recent Press Reporting about Binance Compliance is WrongRecent reporting on Binance’s sanctions compliance relies on incomplete and mischaracterized accounts that do not reflect all of the facts and the full investigative record. While we cannot comment on specific users or disclose details that could compromise ongoing inquiries, we can clarify the process followed and correct clear inaccuracies.What was investigated and howTwo entities referenced in recent reporting were subject to a structured internal investigation process, including:Use of industry-leading blockchain analytics tools and internal investigative workflowsCooperation with relevant law enforcement agencies and information-sharing with appropriate authoritiesContinuous risk mitigation steps taken throughout the investigationThat process showed that none of the users in question were on sanctions lists at the time they were on the platform, and the transactions in scope did not trigger alerts from any of the industry-standard on-chain surveillance tools that we use. But as soon as information was presented to us, Binance did not hesitate to act and brought the full force of its compliance program into effect.Investigation timeline and steps takenOur compliance process digs deep, even when users are not on a sanctions list and do not trigger alerts. Here:The investigation began in mid-2025 following receipt of information from external law enforcement sources. From that point, the work proceeded through an established process: structured review, documented investigative steps, escalation, and ongoing risk assessment.Binance took steps to mitigate identified risks throughout the investigation, consistent with internal controls and escalation procedures.As the investigation progressed, the accounts in question were offboarded, and we shared relevant information with appropriate regulatory and government stakeholders.Key result: Compliance de-risked indirect exposure from 3 layers awayOur investigation showed a complex “multi-hop” funds flow through at least three wallet addresses between Binance and sanctioned entities in one of the cases. This is a classic “indirect exposure” case, and Binance’s compliance processes identified the exposure and shut it down. Binance closed the account at issue and continues to work with the appropriate authorities.Binance Did Not Terminate Anyone for Compliance ReportingSome press reports have suggested that Binance dismissed compliance or investigation staff for working on these cases. That is false.Some compliance employees departed after an internal review found breaches of company data-protection and confidentiality guidelines. Those are serious breaches that can result in termination. We don’t comment on individual personnel matters, but Binance maintains clear internal escalation channels for raising concerns, and we expect employees to use them and to handle user information responsibly. Final ThoughtsBinance has a best-in-class compliance program that is consistently growing stronger. With respect to the cases described in recent false reporting, our compliance process was, in fact, effective. We will continue to use our compliance program to protect our users, cooperate with law enforcement, and advance our mission to provide the core infrastructure services for organizing the world’s crypto.Further ReadingBinance’s Compliance Work, TransparentlyBinance Drives Responsible Growth Through Compliance and Law Enforcement PartnershipsBinance Becomes The First Crypto Exchange to Secure a Global License Under ADGM Framework