Binance, the world’s largest cryptocurrency exchange has hired Greg Monahan, former US Treasury Criminal Investigator as Global Money Laundering Reporting Officer (GMLRO).
On Wednesday, the company announced that hiring would help to comply with the global watchdogs.
Greg has served as a US Treasury Criminal Investigator for nearly 30 years. He was responsible for tax money laundering and other related financial crime investigations.
Monahan said: “Binance has a strong culture of putting their users first, from providing market-leading products to supporting high-profile investigations that help make the crypto industry a safer place.”
He also said that he would focus on expanding Binance’s Anti Money Laundering (AML) and investigation programs and also strengthen the company’s relations with “regulatory and law enforcement bodies worldwide.”
Binance CEO Changpeng Zhao said:
We have always held Binance to the highest standard to safeguard our users’ interests, and to that end we are always expanding our capabilities to make Binance and the wider industry a safe place for all participants.
Greg has replaced Karen Leong, who served the position since 2018, but he remains in the company as Director of Compliance and continues to promote compliance efforts within the organization.