The cryptocurrency exchange has announced the hiring of another former financial crime enforcement veteran, Greg Monahan/
The world’s largest cryptocurrency exchange has added yet another enforcement expert to its team as it responds from a series of attacks by regulators around the world.
As a U.S. Treasury Criminal Investigator, Monahan “has led complex international investigations that have resulted in the takedown of some of the most prolific cybercriminals, nation-state actors and terrorist organizations,” Binance said.
"My efforts will be focused on expanding Binance's international anti-money laundering (AML) and investigation programs, as well as strengthening the organization's relations with regulatory and law enforcement bodies worldwide,” Monahan said in the announcement.
He added: "Binance has a strong culture of putting their users first, from providing market-leading products to supporting high-profile investigations that help make the crypto industry a safer place.”
Monahan joined Binance as Global Money Laundering Reporting Officer as Karen Leong, who held the position since 2018, moved up to become Binance’s director of compliance.
Noting that Monahan “brings a wealth of AML and investigations experience to Binance,” Zhao said his firm is “always expanding our capabilities to make Binance and the wider industry a safe place for all participants."
Change Under Fire
Regulators in Malaysia, the U.K., Japan and Thailand all ordered Binance to stop operating in their jurisdictions without a license over the summer.
Zhao promised the exchange would “help establish crypto compliance best practices worldwide,” when he announced the proactive compliance policy.
Binance also added former U.S. Senator Max Baucus, a Montana Democrat, as policy and government relations advisor.