United

Litecoin

Noah

<ul> 
 <li>Hecht’s background includes time as a senior policy adviser at the U.S Treasury Department.</li> 
 <li>As Hecht’s successor, Chief Compliance Officer Noah Perlman will be a close collaborator.</li> 
</ul> 
A number of Binance’s senior legal and compliance employees have resigned in recent weeks, ostensibly due to the stress of handling several probes into the exchange’s business operations, although Binance strongly disputes this. 
<a href="https://thenewscrypto.com/binance-news-binance-japan-accepts-new-users-amid-regulatory-shifts/" target="_blank" rel="noopener noreferrer nofollow">Binance</a> stated Thursday that it has hired <a href="https://www.linkedin.com/in/kristen-hecht-a946558" target="_blank" rel="noopener noreferrer nofollow">Kristen Hecht</a> as its new deputy chief compliance and global money laundering reporting officer. After less than two years as the chief compliance officer of Meta’s crypto wallet initiative, Novi Financial, Hecht is returning to Binance as the exchange’s worldwide head of corporate compliance. Also, Hecht’s background includes time as a senior policy adviser at the Treasury Department of the United States. 
<h3 class="wp-block-heading" id="h-tough-times-ahead">Tough Times Ahead</h3> 
According to a press release, Hecht’s primary responsibilities in her new position will be working on the company’s compliance program and interacting with authorities, IGOs, and industry organizations. As Hecht’s successor, Chief Compliance Officer Noah Perlman will be a close collaborator. 
Moreover, this hiring comes as Binance maintains its position as a frontrunner in the fight against cryptocurrency players by U.S. legislators. The <a href="https://thenewscrypto.com/cftc-vs-binance-cz-hits-back/" target="_blank" rel="noopener noreferrer nofollow">CFTC</a> of the United States filed a lawsuit against Binance and its CEO, Changpeng Zhao, in March, claiming that the business unlawfully provided unregistered crypto derivatives products in the United States. 
Suing the exchange for alleged violations of federal securities laws, the <a href="http://sec.gov" target="_blank" rel="noopener noreferrer nofollow">SEC</a> did the same thing later in June. Recently, it was reported that the U.S. DOJ is contemplating filing fraud charges against Binance, however, they may settle for penalties and delayed or non-prosecution as per sources. 
Highlighted Crypto News Today: 
<a href="https://thenewscrypto.com/litecoin-ltc-ranks-next-to-bitcoin-btc-with-34-increase-in-transactions/" target="_blank" rel="noopener noreferrer nofollow">Litecoin (LTC) Ranks Next to Bitcoin (BTC) With 34% Increase in Transactions</a>

Binance Hires New Compliance Officer Amidst Ongoing Legal Probes

Table of Contents

TheNewsCrypto

Other articles published on Aug 3, 2023

TeraWulf Soars to Record Revenue with 330 BTC Mined in July 2023

Ethereum (ETH) Price Analysis for August 3

Meme Coin Stigma? SHIB Investors Debate Skepticism on Reddit

WAGMI Games Unveils All-Star Team to Transform Web3 Gaming

eToro Faces Lawsuit in Australia for 'High-risk' Trading Activity

Debating the Future of Shiba Inu: Will SHIB Ever Reach $0.50?

Join our free newsletter for daily crypto updates!