Binance is no longer the cryptocurrency exchange it once was, and it no longer deserves to have its name tarnished, argues the company’s Head of Global Sanctions Chagri Poyraz.
Poyraz says that Binance has made significant changes to its compliance program in recent years, and that it is now one of the most compliant cryptocurrency exchanges in the world. He points to the fact that Binance has been working with regulators around the world to ensure that it is in compliance with all applicable laws and regulations.
Poyraz also says that Binance has been taking a proactive approach to identifying and preventing financial crime. He says that the company has a team of dedicated compliance professionals who are constantly monitoring for suspicious activity.
Poyraz says that Binance is committed to being a responsible and compliant cryptocurrency exchange. He says that the company is always looking for ways to improve its compliance program, and that it is committed to working with regulators to ensure that it is in compliance with all applicable laws and regulations.
The CFTC’s claims date back to 2017, and the agency also cited internal communications from 2019 and 2020 that appear to indicate that Binance knowingly offered services to international criminals. In its complaint, the CFTC said that Binance CEO Changpeng Zhao and former Chief Compliance Officer Samuel Lim took steps “to help customers evade Binance’s access controls.”