Jeremy Paner Discusses Sanctions Compliance Lessons from Reports of $1.7B in Binance-Linked Cryptocurrency Transfers to Iran

Highlights

• Jeremy Paner examines sanctions compliance risks highlighted by reports of $1.7 billion in Binance‑linked cryptocurrency transfers to the Iran’s Islamic Revolutionary Guard Corps.
• The article outlines how investigators traced the transactions and uncovered red flags tied to a third‑party vendor.
• Paner underscores that shared addresses are an indicator of potential sanctions evasion schemes.

March 27, 2026

Jeremy Paner discussed sanctions compliance lessons with The New York Times after investigators found roughly $1.7 billion in cryptocurrency flowing to Iranian entities from Binance-linked accounts, despite numerous sanctions compliance red flags.

The article breaks down how Binance records show transactions worth the equivalent of hundreds of millions of dollars are connected to an address of a BIS Entity List sanctioned company.

Those transactions led investigators to Blessed Trust, a little-known payment processing firm that handled back-office tasks for Binance while using the exchange to move $1.2 billion that ultimately went to sanctioned Iranian entities, according to company records and other documents reviewed by The New York Times.

According to the Times, it took Binance about a year to end its relationship with Blessed Trust, despite several warning signs appearing in public records, raising questions about whether the company has done enough to stop money laundering and sanctions evasion.

Paner specifically discussed Binance’s failure to react to the shared address of a BIS Entity List sanctioned company.

“Common addresses are and have been a standard sanctions evasion tool going back a generation,” Paner said.

Read the article.