The US Justice Department is reportedly investigating Binance over possible violations of sanctions imposed against Russia. The cryptocurrency exchange allegedly allowed Russian customers to move money, which could have circumvented US sanctions. As part of the investigation, Binance is said to be in discussions about settling previous allegations that the exchange helped users to evade US sanctions against Iran. This is just one of several investigations facing Binance, including allegations of money laundering and offering unregistered crypto derivatives. In response, Binance has pointed to a recent initiative to overhaul its corporate governance structure and implement strict know-your-customer protocols.