🔺America: Millions of dollars in Islamic Republic oil revenue laundered through Binance

▪The U.S. Department of Justice has requested the seizure of $61 million, which, according to the department, was obtained from the sale of Islamic Republic oil on the black market and was laundered via the cryptocurrency exchange Binance.

▪Federal prosecutors in Manhattan said in a civil complaint filed on Monday that the Islamic Republic laundered more than $1.5 billion in illegal oil money using cryptocurrency.

▪According to the prosecutors, two Chinese entities used their trading accounts on Binance in a scheme to transfer oil revenue to the Islamic Republic through its agents and proxy forces.

▪Belsad Trust and Hexa Value Trading introduced themselves, respectively, as a wealth management company and a commodities broker.