A former investigator from Binance told the IRS that the management ignored the internal investigation regarding the Iran accounts

According to Forbes, an unsealed search warrant shows that a former senior financial crime investigator at Binance stated during questioning by the IRS in May of this year that Binance's management ignored calls for an internal investigation into approximately 2,000 accounts suspected to be used by individuals within Iran, involving about $1.2 billion in fund flows (codenamed "Operation Loclock").

The investigator was previously suspended along with several colleagues for investigating two accounts suspected of violating U.S. sanctions by transferring funds to Iran, and later left the company. He has since received a subpoena to testify before a federal grand jury in Washington, D.C. Binance responded that it has not violated Iranian sanctions, that the relevant investigators were terminated for violating company data privacy policies, that the investigation into the accounts has never been closed, and that the company will fully cooperate with law enforcement. No charges have been filed in this investigation so far.