Binance Committed to Help Law Enforcement Detect Financial Crimes
Binance, the world’s largest cryptocurrency exchange by trading volume, recently announced the Global Law Enforcement Training Program. Since last year, when Binance expanded its investigations team, the program has grown exponentially. It is the first coordinated effort among blockchain’s global ecosystem, and it was created to assist law enforcement and prosecutors in identifying financial and cybercrimes. Additionally, it assists them in prosecuting criminals involved in these activities.
In a year’s time Binance has held more than 30 workshops relating to both cybercrime and financial crime with law enforcement in different countries. These workshops were held in Argentina, Brazil, Canada, France, Germany, Israel, the Netherlands, Philippines, South Korea, Sweden and the UK.
The training program is headed by the Binance Investigations Team, a highly skilled team of security experts and former law enforcement officials who contributed in bringing down large crypto criminal operations, such as Silkroad and Hydra.
Tigran Gambaryan, Global Head of Intelligence and Investigations at Binance, said:
“As more regulators, public law enforcement agencies and private sector stakeholders look closely at crypto, we are seeing an increased demand for training to help educate on and combat crypto crimes. To meet that demand, we have bolstered our team to conduct more training and work hand-in-hand with regulators across the globe.”
Binance, celebrating its 5th anniversary this year, has become an industry leading example displaying its robust compliance and AML programs and has recently secured approvals and registrations in France, Italy and Spain, among others.
Commenting on the importance of customer protection, Gambyaran said:
“Protecting users is our number one priority at Binance. We work hand-in-hand with law enforcement to track and trace suspected accounts and fraudulent activities, contributing to the fight against terrorism financing, ransomware, human trafficking, child pornography and financial crimes.”
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Source: igaming
