Key takeaways

Binance has launched a series of six videos featuring our compliance experts speaking on different topics. The third video in our series presents the missions of Binance's compliance and investigations teams.

To ensure that Binance remains able to serve users around the world and realize its dream of greater financial freedom, we need the help of the best experts in compliance and investigations worldwide. Binance found and recruited these experts to form a solid team that has grown over the years. Today, Binance's compliance and investigations teams take the stage to describe their missions and explain how they help secure the crypto universe and keep users at the center of all its achievements.

This video is the third in a series of six posts on our blog, in which we speak to the leaders of our Compliance and Investigations team and ask them for their opinions on various topics.

This week's video features Matt Price, Global Head of Intelligence and Investigations, who reiterates his team's primary goal: to protect our customers, our users and the crypto ecosystem in his outfit. Binance conducts proactive investigations where Matt and his team attempt to identify bad actors in the crypto space and work to mitigate the risks they create. Additionally, his team works closely with law enforcement and regulatory agencies around the world to exchange information and intelligence on potential criminal activities. Finally, the investigations team is also responsible for instructing and training staff around the world on how to conduct these types of investigations, including the effective use of tools, tracing of crypto transactions, etc. .

Chagri Poyraz, the Global Head of Sanctions at Binance, also appears in this week's video to talk about the controls and tools his team developed internally to ensure compliance without major impacts on the Binance customer journey . The Chagri team is focused on ensuring customers understand our company’s sanctions program; To do this, its team is directly attached to customer service. All Binance creations and new products must be compliant around the world: that's why its team works to establish adequate compliance controls during design rather than applying fixes later under pressure from regulators. regulation.

In the video, Richard Teng, Regional Manager for Europe and MENA, notes that governments want to continue to grow their economies, and that the Web3 crypto economy is essential in this regard. This is why Binance is constantly looking for new ways to collaborate with governments and support them throughout the development of their Web3 and crypto ecosystem. We are also looking to support the talent pipeline in this space. Richard then states that Binance works closely with regulatory authorities to better understand the laws and regulations, and strictly comply with them to offer our products in the best possible way.

Tigran Gambaryan, Head of Financial Crime Compliance at Binance, also takes the floor in our video of the week to emphasize that the work accomplished by his department directly impacts people's daily lives: our team of For example, law enforcement responds to requests from law enforcement agencies around the world. In 2022 alone, Tigran confirms that his team has responded to more than 50,000 requests from law enforcement. It is an extremely important mission, which has direct consequences on the lives of citizens in the four corners of the planet.

Stay tuned for more videos in this series next week!

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