Binance Appoints New Deputy Chief Compliance Officer and Global Money Laundering Reporting Officer
- Binance announced Kristen Hecht as the new Deputy Chief Compliance Officer (CCO) and Global Money Laundering Reporting Officer (GMLRO).
- Hecht brings 17 years of experience in financial crime compliance, including positions at Meta’s Novi Financial, HSBC China, and the U.S. Department of the Treasury.
- Hecht’s role will focus on further developing Binance’s compliance program to outpace illicit actors.
Kristen Hecht Joins Binance Team
Binance is excited to announce Kristen Hecht as its newest Deputy Chief Compliance Officer and Global Money Laundering Reporting Officer. With a background spanning over 17 years in financial crime compliance expertise, she joins the team with her knowledge from her prior positions at Meta’s Novi Financial, HSBC China, and the U.S. Department of the Treasury.
Hecht Focuses on Enhancing Compliance Program
In her new role, Hecht will be focusing on enhancing Binance’s compliance program to outpace illicit actors. Additionally, she will be actively engaging with regulatory bodies, intergovernmental organizations and industry associations in order to identify emerging threats or trends among crypto digital asset services and other financial services platforms.
Recent Developments For Binance Amid Investigations
Amid ongoing investigations into its practices, various key legal and compliance executives have left Binance recently though there is no connection between these departures and investigations according to reports from the company themselves. The exchange also faces scrutiny from different law enforcement agencies both nationally in US as well as internationally due to potential fraud charges against it that could arise soon if nothing is done about it soon enough.