The newspaper subsequently reported that the Treasury is “investigating $165 million in cryptocurrency-linked transactions that may have helped finance Hamas” prior to the October 2023 attacks.

While the documents suggested that Binance may have improved its KYC and AML protocols, it’s unclear whether the Hamas overture is a response to this.

“When terrorist groups tell people to avoid Binance, it shows our controls are working,” said Binance’s chief compliance officer, Noah Perlman. “Binance is not a safe place for illicit actors. We invest heavily in sanctions screening, transaction monitoring and investigations, and we work closely with law enforcement to identify, disrupt and report terrorist financing and other financial…