Binance Boosts Compliance Staff by 34% Year-Over-Year, Citing Industry’s ‘Rapid Maturation’

Although Teng’s quick tenure as CEO has actually accelerated Binance’s compliance efforts, the alternate started making an effort to be extra compliant with regulators effectively earlier than Zhao stepped down in November 2023. Tigran Gambaryan, Binance’s head of monetary crime compliance, left the Inside Income Service (IRS) in 2021 to hitch the alternate. Noah Perlman, Binance’s chief compliance officer, began in January 2023. In 2023, Binance elevated its compliance spend by 36%.