Binance US appoints FBI agent to new investigations unit
12:28, 21 October 2022
The US arm of one of the world’s biggest cryptocurrency exchange platforms Binance has appointed a former FBI agent to head its investigation unit.
Before joining Binance.US, BJ Kang spent nearly two decades at the FBI including work on a number of high-profile insider trading cases.
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Ready to work with law enforcement agencies
Kang will lead and oversee Binance collaborations with law enforcement, regulators and industry peers, according to a statement from the platform.
This will also include building an investigations infrastructure at Binance.US to identify and mitigate criminal activity related to digital assets on the platform as the company continues to strengthen its legal, compliance and risk functions
“Close coordination between the crypto industry and relevant law enforcement agencies to identify and punish bad actors is required to increase trust and enable the crypto ecosystem to continue to grow,” said Kang (pictured above).
“Binance.US is already a leader in working with law enforcement to establish a secure digital asset marketplace, and I look forward to using my experience to take those partnerships to the next level.”
Brian Shroder, CEO and president of Binance.US, added: “Binance.US operates with a compliance-first mindset, and over the past year we have made significant investments in our legal, regulatory, and compliance operations.”
According to its statement, Binance.US has significantly increased its legal, compliance, and risk operations over the past year, increasing department headcount by 145%, with more than 20% of the company’s workforce dedicated to these functions.
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