June 30 (Cointime) - Binance has announced a partnership between its Sanctions Investigation Team and Israel’s Ministry of Defense to combat terrorism financing operations linked to Iranian and Hezbollah terrorist groups. The operation aims to track down terrorism financing operations linked to the Islamic Revolutionary Guard Corp, Quds Force.

Binance's Sanctions and Counter-Terrorist Financing Investigation team helped identify the terrorist and circumvent their operation, resulting in the seizure of millions of dollars in cryptocurrency stolen by Iran’s Quds Force for terrorism financing.

Binance has worked on over 47,000 cases with law enforcement agencies and has helped freeze and seize over $1 billion in illicit transactions and funds, with $900 million this year alone. The crypto exchange is committed to fostering security in the global crypto and blockchain ecosystem and is pleased with the successful crackdown against the Iranian Islamic Revolutionary Guard Corps-Quds Force funding.