Mainstream cryptocurrency exchange firm Binance has employed Greg Monahan as Global Money Laundering Reporting Officer.
Mr Monahan has a long history of working in the law enforcement industry having worked with the Inland Revenue Service as a criminal investigator between 2001 and April 2021.
“As a former US Federal Law Enforcement Investigator, Greg Monahan brings a wealth of AML and investigations experience to Binance. We’re thrilled to welcome him to our team as GMLRO and we look forward to his contributions.” Binance CEO Changpeng Zhao (CZ) said about the company’s latest appointment.
During his time with the US Treasury Department, Greg Monahan led several domestic and international investigations that uncovered top-level cybercriminals, terrorists and nation-state actors.
Mohanan says his priority will be to broaden the firm’s fight against money laundering and bolster its relationship with regulators.
“My efforts will be focused on expanding Binance’s international anti-money laundering (AML) and investigation programs, as well as strengthening the organization’s relations with regulatory and law enforcement bodies worldwide.” Mohanan said.
Binance plans to further increase its compliance team by 500%.