Kristen Hecht has been appointed as Binance's new deputy chief compliance and global money laundering reporting officer. This new role will oversee both areas as the exchange faces potential fraud charges from U.S. regulators. Hecht was previously the global head of corporate compliance at Binance and will primarily work on the company's compliance program while engaging with regulators, intergovernmental organizations, and industry bodies. Binance has been facing multiple investigations into its practices, but denies that several top legal and compliance executives have left the exchange due to the strain of dealing with these investigations.
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