Binance Hires Former US Treasury Criminal Investigator to Enhance Regulatory Compliance


The world’s main cryptocurrency alternate has appointed Greg Monahan – a former US Treasury Legal Investigator. Monahan will function Binance’s new World Cash Laundering Reporting Officer.

  • The corporate introduced its newest hiring in its makes an attempt to adjust to international watchdogs in a press launch shared with CryptoPotato.
  • It defined that Monahan has a 30-year of expertise in credit score authorities service, with a big half being as a US Treasury Legal Investigator. He was answerable for tax, cash laundering, and different related monetary crime investigations.
  • Moreover, he has led worldwide investigations ensuing within the takedown of infamous cyber criminals and terrorist organizations.
  • “Binance has a powerful tradition of placing their customers first, from offering market-leading merchandise to supporting high-profile investigations that assist make the crypto trade a safer place.” – famous Monahan.

  • He additional defined his future function, which is able to embody striving to broaden the corporate’s worldwide anti-money laundering (AML) and investigation applications. Additionally, he’ll concentrate on strengthening Binance’s relations with regulatory and legislation enforcement our bodies.
  • As beforehand reported, the alternate has already confronted scrutiny from international watchdogs on quite a few events. As such, it needed to halt a few of its providers, corresponding to futures buying and selling in a number of international locations.
  • Binance CEO, Changpeng Zhao, touched upon Monahan’s function as a former US Federal Regulation Enforcement Investigator, which is the first cause why the alternate feels assured that he’ll convey a “wealth of AML and investigations expertise” to the agency.
  • The previous GMLRO, Karen Leong, who held the place since 2018, will stay on the firm because the Director of Compliance.

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