{"id":142967,"date":"2024-11-22T21:30:00","date_gmt":"2024-11-22T19:30:00","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=142967"},"modified":"2024-11-22T16:59:37","modified_gmt":"2024-11-22T14:59:37","slug":"binance-boosts-compliance-team-as-it-strengthens-regulatory-efforts","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/binance-boosts-compliance-team-as-it-strengthens-regulatory-efforts\/","title":{"rendered":"Binance Boosts Compliance Team as It Strengthens Regulatory Efforts"},"content":{"rendered":"
The company now employs over 1,000 compliance professionals, including contractors. This push for regulatory adherence follows a $4.3 billion settlement with U.S. regulators last year, after Binance was found to have violated the Bank Secrecy Act and enabled users to bypass sanctions.<\/p>\n
As part of the settlement, founder Changpeng “CZ” Zhao resigned and faced prison time.<\/p>\n
Under new CEO Richard Teng, who took over after Zhao’s resignation, Binance has intensified its focus on compliance. The company began strengthening its regulatory efforts even before Zhao stepped down, with key hires like Tigran Gambaryan from the IRS and Noah Perlman, Binance\u2019s current chief compliance officer.<\/p>\n