Greg Monahan, a former criminal-investigations prosecutor at the U.S. Department of the Treasury, has joined the cryptocurrency exchange Binance as an AML investigator, the company said.<\/p>\n
In his previous role, he led investigations into tax and financial crimes. Monahan will take over from Karen Leong, who will remain at Binance as Chief Compliance Officer.<\/p>\n
\n“My efforts will be focused on expanding Binance’s international AML programs and investigations, and on strengthening the organization’s relations with regulators and law enforcement agencies around the world,” Monahan said.<\/p>\n<\/blockquote>\n
Representatives of the exchange noted that since 2020 Binance has expanded its international compliance team and advisory board by 500%.<\/p>\n
In March 2021 the exchange hired former U.S. Senator Max Baucus<\/a> as a regulatory affairs adviser.<\/p>\n
Later former FATF leadership joined Binance: FATF<\/span><\/a> Rick McDonell and Jos\u00e9 Nado.<\/p>\n
Earlier regulators in several countries stepped up pressure on the trading platform. In ForkLog “July 2021 in numbers”<\/a>, a chronological timeline of regulatory claims filed against Binance was compiled.<\/p>\n
In light of this, Binance CEO Changpeng Zhao published a letter outlining Binance’s plans to protect customers and ensure compliance<\/a>.<\/p>\n