Bloomberg reported that Binance has hired two senior compliance executives from Crypto.com, adding experienced personnel to its compliance team after a year of senior departures. Antonio Alvarez will serve as deputy to chief compliance officer Noah Perlman, while Duncan DeVille will take the role of head of global financial crime compliance. Both previously worked at Crypto.com and bring compliance experience from Coinbase, Visa, Western Union and the U.S. Treasury Department.
Binance said the appointments amount to a vote of confidence in its compliance program. The hires come after multiple senior employees left the exchange’s compliance division over the past year. Some media outlets had linked part of those departures to how the exchange handled Iran-related fund flows, a claim Binance denied, saying its compliance systems are operating normally.
Binance has hired two senior compliance executives from Crypto.com, according to Bloomberg, adding new leadership to a department that has seen multiple high-level departures over the past year.
Antonio Alvarez will serve as deputy to chief compliance officer Noah Perlman. Duncan DeVille will become head of global financial crime compliance.
Both executives previously worked at Crypto.com. The report said they also bring compliance experience from Coinbase, Visa, Western Union and the U.S. Treasury Department.
Binance said their decision to join reflects confidence in the exchange’s compliance program. Over the past year, several senior employees have left Binance’s compliance division. Some media reports said part of those departures was tied to the exchange’s handling of Iran-related fund flows. Binance denied those reports and said its compliance systems are functioning normally.
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