Jane Khodarkovsky: $1.7 billion in crypto linked to Iran raises compliance concerns, the role of intermediaries in sanctions evasion, and the challenges of prosecuting violations
The post Jane Khodarkovsky: $1.7 billion in crypto linked to Iran raises compliance concerns, the role of intermediaries in sanctions evasion, and the challenges of prosecuting violations appeared on BitcoinEthereumNews.com.
Jane Khodarkovsky: $1.7 billion in crypto linked to Iran raises compliance concerns, the role of intermediaries in sanctions evasion, and the challenges of prosecuting violations | Unchained $1.7 billion in crypto transactions linked to Iran expose Binance’s potential sanctions violations and compliance challenges. Key takeaways $1.7 billion in crypto transactions linked to Iran flowed through Binance, highlighting potential sanctions violations. Geographic sanctions apply to countries, not necessarily to all individuals or entities within those countries. Sanctions evasion in crypto involves sophisticated actors, not just individuals using basic tools. Sanctions against Iran have created a need for intermediaries to facilitate financial transactions. Binance should have been more vigilant in monitoring accounts for suspicious activity related to sanctions evasion. OFAC’s actions can severely limit a company’s access to the US financial system, but its slow response time can be a challenge in the fast-paced crypto environment. Prosecuting sanctions violations is particularly challenging due to the high standard of knowledge required. Defamation cases are challenging because they require proof that the publisher knew the information was false. Binance is being held to a different standard due to its status as a centralized exchange. Binance is actively working to improve its reputation and compliance standards. Understanding the implications of crypto transactions in relation to US sanctions against Iran is crucial. The role of intermediaries in facilitating transactions under sanctions is significant. Compliance responsibilities of crypto exchanges are a major concern in the industry. Guest intro Jane Khodarkovsky is a Partner and Director of Compliance Advisory at Arktouros. She previously served as General Counsel and Head of Risk & Compliance at Celo Foundation, overseeing legal, regulatory, and compliance matters including sanctions, anti-money laundering, and DeFi. Prior to that, she was a Trial Attorney and Human Trafficking Finance Specialist with the Department of Justice’s Money Laundering…
Filed under: News - @ March 24, 2026 12:29 am