Greg Monahan, former United States Treasury Criminal Investigator has joined major cryptocurrency exchange Binance to oversee the company’s international Anti-Money Laundering efforts.
Monahan worked for the U.S. Treasury for almost 20 years as a member of the Internal Revenue Service’s criminal investigation unit. Mainly responsible for tax, money laundering and other related financial crime investigations, he also held a brief position at Deloitte as a senior manager, according to his professional profile.
Reminding previous efforts of the exchange to support high-profile investigations, Monahan stated that his efforts would be focused on Binance’s AML and investigation programs, “as well as strengthening the organization’s relations with regulatory and law enforcement bodies across the globe.”
Binance said that its international compliance team and advisory board have grown by 500% since 2020. Changpeng Zhao, CEO of Binance, noted that the team is expanding its capabilities “to make Binance and the wider industry a safe place for all participants.”
Leong will remain at Binance as a director to promote the compliance efforts within the organization.
