Binance Appoints Former US IRS Special Agent Amjad Qaqish as Director of Global SAR Reporting
Binance is pleased to announce the appointment of Amjad Qaqish, former Criminal Investigation (IRS CI) veteran at the US Internal Revenue Service, who joins the organization’s compliance department as Director of Global Suspicious Activity Report (SAR) Reporting.
Mr Qaqish has over 30 years of service with the IRS, of which over 23 were spent as a Special Agent with the IRS Criminal Investigation agency. During his time as an Agent in IRS CI’s Special Investigative Techniques (SIT) unit, SAR Taskforce, and Cyber Crimes Unit (CCU), he worked on crypto-related cases involving fraud, tax evasion, money laundering and terrorism financing.
He now oversees the Global SAR team at Binance, which monitors for suspicious and unusual activity to prevent bad actors from misusing the cryptocurrency markets. The Global SAR operation also ensures users’ accounts and funds are safe, through fraud and money laundering monitoring and investigations.
Mr Qaqish commented, “My interest in the cryptocurrency and digital asset industry started many years ago when I first supported IRS investigation of cases involving crypto. I furthered my interest in this field when I subsequently joined IRS CI’s Cyber Crime Unit. We had to learn the crypto industry in order to effectively investigate these cases and that led to an infectious intrigue and fascination with all things crypto.”
“The speediness of how the crypto market grows means the deterrence of bad actors is critical to the long term success of our industry. Binance is a market leader and the global community will look up to us. I am pleased to lead a dedicated and professional team to help set standards for compliance practices.”
Mr Qaqish’s credentials include Certified Public Accountant (CPA), Certified Fraud Examiner (CFE), and Computing Technology Industry Association A+ certification (CompTIA A+).