Binance bolsters up its compliance and risk program with new recruits (Fintech Fridays with Binance Africa Ep.12)

In the final episode of the twelve part Fintech Fridays Special Edition with Binance Africa titled, "Binance bolsters up its compliance and risk program with new recruits", we're diving into the latest strategic moves by Binance, the powerhouse behind the world's largest cryptocurrency exchange. As Binance rapidly matures within the industry, they're stepping up their game by bolstering their compliance and risk program through a series of significant new hires.This episode covers:How these expert recruits, including industry veterans from financial giants like PayPal, Morgan Stanley, HSBC, and more, are positioning Binance at the forefront of security and regulation The implications for Binance's global user base and insights from Binance's Chief of Compliance, Noah PerlmanHow Binance's efforts are shaping the future of cryptocurrency securityA special thanks to our sponsors, Binance Africa, for supporting this episode.About BinanceBinance is the world's leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users and features an unmatched portfolio of crypto products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more. For more information, visit: https://bit.ly/4gbOtZRDisclaimer: For the avoidance of doubt, the use of the terminology of depositing or withdrawing does not mean that Binance receives, holds, or releases any fiat currency through its platform nor does it contemplate any deposit taking, remittances or similar activity by Binance.Risk Warning: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser before investing. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.Episode AgendaIntroduction to the EpisodeOverview of the FinTech Friday seriesMention of it being the final episode of a 12-part seriesFocus on blockchain technology and cryptocurrencyHighlighting Binance's new recruitments for compliance and investigation teamsBinance's Compliance and Investigation Teams ExpansionBinance's status as a global blockchain ecosystemRapid maturation of the industry and the companyPlanned increase in compliance staff to over 645 employees by end of 2024Current employment details of compliance staff and contractorsKey Compliance Hires at BinanceTodd McElduff's appointment as Enterprise Compliance DirectorResponsibilities with law enforcement and special investigationsTransaction monitoring, market surveillance, and sanctions complianceTodd's 20 years of experience in traditional finance and fintechLana's role as Business Compliance and Enterprise Wide Risk Assessment DirectorProviding compliance control and advice across various business unitsLana's experience in financial services, regulatory compliance, and financial crime preventionPauline Chan's role as Compliance SpecialistFocus on regulatory audits and exam in the global audit issue management teamPrevious roles in financial services and bankingAdditional Recruits in the Compliance Risk TeamCeline Anaya as Special Investigation Specialist for FranceKana Akyurek as Special Investigation Specialist for TurkeyComments from Noah Perlman, Binance Chief of ComplianceActive hiring for top compliance talentBinance's commitment to protecting users and working with regulatorsAchieving the 20th global regulatory milestoneTimestamps 00:00 Binance expands compliance team, hires experienced director.05:16 Binance hires top compliance talent to strengthen standards.07:14 Binance proactively strengthens compliance in cryptocurrency space.ReferencesBinance - https://bit.ly/4gbOtZR