Binance has appointed a former IRS agent as its Global Money Laundering Reporting Officer to fight money laundering and terrorist funding.
Greg Manohan was a former employee in the Internal Revenue Service(IRS). He has now joined the Binance team. He will assume the position of Global Money Laundering Reporting Officer (GMLRO). His experience in government administration spans more than 30 years. He was a Special Agent with the Internal Revenue Service Criminal Investigation Unit.
Monahan’s LinkedIn profile shows that he has done a variety of investigations into cybercrimes as well as financial crimes for the federal government.
Manohan has replaced GMLRO Karen Leong. But Keong is staying. She is now Chief Compliance Officer at Binance. Manohan published a press release confirming his appointment:
My efforts will be directed towards strengthening Binance’s international anti-money laundering (AML) and investigation programs, as well as its relationships with regulators and law enforcement agencies worldwide.he said.
Changpeng Zhao recently announced that the exchange would prioritize proactive compliance and would look to become a licensed financial institution. Binance has significantly increased its compliance team to counter the threat of money laundering.
The exchange already announced that Rick McDonell and Josee Naideau, former FATF directors, were being hired as compliance and regulatory advisors to the European operation. As previously announced, the organization has also named Senator Max Baucus as its policy and government affairs adviser.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.