Binance Adds Former IRS-CI Expert to Head Global Intelligence and Investigations

The world’s largest cryptocurrency exchange, Binance, continues to employ high-profile investigators as part of efforts to boost the company’s compliance measures.

New Audit and Investigations Lead for Binance

In an official press release on Thursday (September 30, 2021), Binance announced that Tigran Gambaryan will be the company’s new VP of Global Intelligence and Investigations. Gambaryan’s hire comes after working 10 years as a Special Agent with the US Internal Revenue Service.

According to the announcement, Gambaryan’s new position “will focus on external and internal investigations to prevent threats and financial losses.” In addition, the audit and investigations team, which will be co-headed by Jimmy Su, Binance’s Chief Security Officer, will also work with regulators and law enforcement agents globally.

While working at the IRS, the former Special Agent led investigations into the Mt Gox hack incident, bitcoin exchange BTC-e, and the Silk Road corruption. Gambaryan’s investigative expertise also covered tax evasion, identity theft, national security, terrorism financing, distribution of child pornography, and bank secrecy act violations.

Commenting on the latest development, the new Binance executive said that he would educate the global law enforcement community on the company’s commitment to ensure a secure ecosystem and tackle cryptocurrency’s illegal use.

Furthermore, Gambaryan said:

“Compliance is the first line of defense. We will work closely with our colleagues in compliance to identify criminals and refer them for prosecution. The constantly evolving crypto industry requires strong cooperation between the industry, law enforcement, and regulators. Our goal is to increase trust in cryptocurrency by establishing Binance as the leading contributor in the fight against human trafficking, ransomware and terrorism financing.”

Binance Ready to Work With Global Regulators

The latest hiring seems to be in line with Binance’s commitment to bolster regulatory compliance. Earlier in September, the company hired Aron Akbiyikian as its Director of Audit and Investigations. Back in August, Greg Monahan joined the crypto exchange giant as the new Global Money Laundering Reporting Officer.

Meanwhile, Binance has come under regulatory scrutiny recently, with the company receiving warnings from several countries about its illegal operations. Consequently, the crypto exchange has announced plans to stop some of its offerings in countries like Australia, Hong Kong, and parts of Europe.

To meet regulatory requirements, Binance CEO Changpeng Zhao stated that the firm will get a new headquarters and reorganize its structure.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

Note: This article have been indexed to our site. We do not claim ownership or copyright of any of the content above. To see the article at original source Click Here

Related Posts
No extra Covid curbs for England before New Year, Johnson decides thumbnail

No extra Covid curbs for England before New Year, Johnson decides

Choose your subscription Trial Try full digital access and see why over 1 million readers subscribe to the FT For 4 weeks receive unlimited Premium digital access to the FT's trusted, award-winning business news Digital Be informed with the essentialnews and opinion MyFT – track the topics most important to you FT Weekend – full…
Read More
Construction starts plunge 8% as Fed toes line on rates thumbnail

Construction starts plunge 8% as Fed toes line on rates

Dive Brief: Total construction starts fell 8% in February to a seasonally adjusted annual rate of $1.07 trillion, according to data collected by Dodge Construction Network. It was the biggest monthly starts drop since November, when starts cratered 15%.  Yet on a year-over-year basis, project kickoffs stayed in the black. For the 12 months ending
Read More
For tech innovation, trust the process thumbnail

For tech innovation, trust the process

This audio is auto-generated. Please let us know if you have feedback. Matt Hedke is director of VDC Solutions at Southfield, Michigan-based contractor Barton Malow. Opinions are the author’s own. Advancements in technology often occur after some trial and error, but their success is no accident. Industry-changing innovations require careful planning, a deliberate process and
Read More
b_Whirlpool (600983) Shares_Oriental Fortune Net Shares thumbnail

b_Whirlpool (600983) Shares_Oriental Fortune Net Shares

发表于 2022-01-14 15:13:43 东方财富Android版 郑重声明:用户在财富号/股吧/博客社区发表的所有信息(包括但不限于文字、视频、音频、数据及图表)仅代表个人观点,与本网站立场无关,不对您构成任何投资建议,据此操作风险自担。 郑重声明:用户在社区发表的所有资料、言论等仅代表个人观点,与本网站立场无关,不对您构成任何投资建议。用户应基于自己的独立判断,自行决定证券投资并承担相应风险。《东方财富社区管理规定》
Read More
EC to introduce Covid norms for crowds thumbnail

EC to introduce Covid norms for crowds

SynopsisAfter public rallies were banned in all poll-bound states--Uttar Pradesh, Punjab, Uttarakhand, Goa and Manipur--in view of the surge in coronavirus infections, political parties have been reaching out to the public with their election awareness programmes in virtual mode.AgenciesWith Covid-19 infections spreading fast, the EC wants to ensure that social distancing norms are maintained at…
Read More
Index Of News
Total
0
Share