{"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":"<p>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<p>As part of the settlement, founder Changpeng &#8220;CZ&#8221; Zhao resigned and faced prison time.<\/p>\n<p>Under new CEO Richard Teng, who took over after Zhao&#8217;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<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/sui-partners-with-franklin-templeton-to-boost-blockchain-innovation-and-defi-growth\/\" title=\"Sui Partners with Franklin Templeton to Boost Blockchain Innovation and DeFi Growth\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/06\/franklintempleton2-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Sui Partners with Franklin Templeton to Boost Blockchain Innovation and DeFi Growth<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The exchange\u2019s compliance budget grew by 36% in 2023. Recent hires include Todd McElduff, who previously led financial crime divisions at PayPal and Morgan Stanley, and former law enforcement officials C\u00e9line Inial and Caner Aky\u00fcrek.<\/p>\n<p>Binance is committed to attracting top talent to support its global operations, aiming to protect its growing user base of over 240 million.<\/p>\n<p><em><strong><a href=\"https:\/\/www.coindesk.com\/policy\/2024\/11\/22\/binance-boosts-compliance-staff-by-34-year-over-year-citing-industrys-rapid-maturation\/?utm_content=editorial&amp;utm_medium=social&amp;utm_source=telegram&amp;utm_term=organic&amp;utm_campaign=news\">Source<\/a><\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance, the world\u2019s largest crypto exchange, is expanding its compliance team, aiming to hire 645 full-time compliance staff by year-end, a 34% increase from last November.<\/p>\n","protected":false},"author":3,"featured_media":38972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-142967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Binance Boosts Compliance Team as It Strengthens Regulatory Efforts<\/title>\n<meta name=\"description\" content=\"Binance, the world\u2019s largest crypto exchange, is expanding its compliance team, aiming to hire 645 full-time compliance staff by year-end...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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