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Binance Hires Zane Wong as Director of KYC Compliance

Binance, one of many main cryptocurrency infrastructure suppliers, right now introduced the appointment of Zane Wong as Director of KYC Compliance.

In an official press launch, Binance highlighted that the lately chosen Director of KYC Compliance will guarantee the best requirements of regulatory compliance. Wong has intensive expertise within the international monetary sector.

In her earlier position, Wong labored with Goldman Sachs, one of many world’s largest funding banks. She additionally labored with JPMorgan and Financial institution of America Merrill Lynch. Along with her intensive expertise inside the international monetary sector, Wong can be licensed by the Worldwide Compliance Affiliation and Affiliation of Anti-Cash Laundering.

The newest announcement from Binance got here almost one week after the corporate appointed Nils Andersen Röed, the previous venture chief of the Darkish Internet Unit of the Dutch Nationwide Police, because the Director of Audit and Investigations.

“We now have seen mainstream acceptance of digital belongings speed up over current years. The rapidly-evolving nature of cryptocurrencies requires that we collaboratively develop regulatory requirements that can make sure the trade’s compliance,” Wong commented on the current announcement.

KYC Compliance

Since August 2021, Binance has elevated its KYC necessities to boost person safety. Via the appointment of Wong, Binance goals to make its KYC Compliance course of environment friendly.

“My expertise with conventional monetary companies and establishments has laid a agency basis upon which we are able to adapt to find strategies that work for the forward-looking cryptocurrency trade. Binance is a worldwide chief on this market, and I’m excited to be a part of a corporation devoted to creating the trade extra compliant, resilient, and sustainable for the long-term,” Wong added.

In August 2021, Binance talked about that each one new customers of the corporate are required to finish Intermediate Verification to entry Binance merchandise and repair choices, together with cryptocurrency deposits, trades, and withdrawals. Throughout the identical month, Binance appointed former US Treasury Prison Investigator, Greg Monahan as its new World Cash Laundering Reporting Officer (GMLRO).

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