Several senior Binance compliance officials overseeing sanctions, investigations, and financial-crime monitoring have left the company in recent months as the crypto exchange faces renewed scrutiny over alleged sanctions evasion and illicit-finance risks, Bloomberg reported Monday. 

Noah Perlman, Binance’s chief compliance officer since 2023, has begun discussing a possible departure sometime this year or next, though Binance said he has no exit date, no identified successor, and remains committed to his role, the news agency said. Other recent departures include Peter Van Logtenstein, Inga Petrauskaitė, Erin Fracolli, Jarek Jakubcek, and Alex Côté, all of whom held senior roles tied to investigations, transaction monitoring, or intelligence. 

The departures are notable because Binance’s compliance buildout was central to its 2023 guilty plea to U.S. sanctions and anti-money-laundering violations. An internal organization chart showed recent exits from teams handling sanctions, investigations, and financial-crime monitoring, Bloomberg said. 

Binance described the changes as natural turnover and performance management and said its commitment to compliance remains intact, according to the report. 

The turnover comes as Binance faces questions from lawmakers, blockchain analysts, and U.S. authorities over indications that accounts linked to Iran may have used the platform to evade sanctions. The Justice Department has been examining crypto-related financial flows to Iran, Bloomberg said. 

Sen. Richard Blumenthal (D-CT) opened an inquiry in February following media reports that Binance staff had uncovered evidence the cryptocurrency exchange was allegedly used to funnel $2 billion to Iranian government-linked groups designated as terrorist organizations and to help evade sanctions on Russian oil. 

In a letter sent to Binance co-Chief Executive Officer Richard Teng last week, Blumenthal said the company failed to provide documents and information previously requested by the subcommittee and questioned Binance’s public characterization of its dealings involving Iran-linked activity.

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