Binance hires former U.S. Treasury Department investigator

Greg Monahan, a former criminal-investigations prosecutor at the U.S. Department of the Treasury, has joined the cryptocurrency exchange Binance as an AML investigator, the company said.

In his previous role, he led investigations into tax and financial crimes. Monahan will take over from Karen Leong, who will remain at Binance as Chief Compliance Officer.

“My efforts will be focused on expanding Binance’s international AML programs and investigations, and on strengthening the organization’s relations with regulators and law enforcement agencies around the world,” Monahan said.

Representatives of the exchange noted that since 2020 Binance has expanded its international compliance team and advisory board by 500%.

In March 2021 the exchange hired former U.S. Senator Max Baucus as a regulatory affairs adviser.

Later former FATF leadership joined Binance: FATF Rick McDonell and José Nado.

Earlier regulators in several countries stepped up pressure on the trading platform. In ForkLog “July 2021 in numbers”, a chronological timeline of regulatory claims filed against Binance was compiled.

In light of this, Binance CEO Changpeng Zhao published a letter outlining Binance’s plans to protect customers and ensure compliance.

Subscribe to ForkLog news on Facebook!