Binance US Bolsters Compliance Team with New Appointments
Binance US Bolsters Compliance Team with New Appointments
Binance US, the popular cryptocurrency exchange, is making significant moves to enhance its compliance efforts following a hefty $4.3 billion SEC penalty last year. The company has announced the appointment of Martin C. Grant, former Chief Compliance & Ethics Officer at the New York Fed, to its board of directors.
This news comes on the heels of Lesley O’Neill, former Chief Compliance Officer at Prove Identity, joining Binance US as its Chief Compliance Officer in January. O’Neill brings a wealth of experience in regulatory and privacy compliance, information security, and identity verification to the table.
Grant, with his 17 years of experience in managing programs related to anti-money laundering, sanctions enforcement, and risk assessment, is expected to play a crucial role in overseeing financial reporting processes and internal controls at Binance US.
In a statement, Grant expressed his excitement about joining Binance US and helping guide the future of the digital asset industry in a safe and compliant manner. Norman Reed, Interim CEO of Binance US, also welcomed Grant’s appointment, highlighting the company’s commitment to maintaining the highest standards of compliance and integrity.
With these new appointments, Binance US is signaling a proactive approach to crypto regulation and compliance, positioning itself for long-term growth and success in the ever-evolving regulatory environment. Stay tuned for more updates on Binance US’s compliance initiatives.
