Binance Hires Former IRS Special Agent as VP of Global Intelligence

The recruitment of a seasoned investigator could improve Binance's regulatory issues.

By
Ahamdi Abarikwu
on
October 2, 2021
Category:
Blockchain News

Former Special Agent Joins Binance

Binance has engaged the services of a cyber-crimes expert, in a move that will boost the exchange's regulatory compliance. 

In a blog post on September 30th, Binance announced the addition of Tigran Gambaryan to its team, naming him the Vice president of its Global Intelligence and Investigations team. 

“Compliance is the first line of defense,” Gambaryan declared through the official blog post.

The new hire previously worked as a special agent under the United States Internal Revenue-Criminal Investigation (IRS-CI). His role will involve being part of a team that will oversee internal and external investigations, working with regulatory agencies throughout the world to avert financial threats and losses. 

Impressive Profile

Tigran has had assorted experience as an investigative expert. While at IRS-CI, he was involved in investigations concerning identity theft, national security, tax evasion, terrorism financing and other cybercrime cases. 

Tigran won several awards during his illustrious career as a special agent, including one by the Council of the Inspectors General on Integrity and Efficiency (CIGIE). His prominent role in uncovering the shady Silk Road crypto dealings are well documented.

Source

Tigran is confident and enthusiastic about having an important impact in his new role:

"We will work closely with our colleagues in compliance to identify criminals and refer them for prosecution. I want to educate the worldwide law enforcement community on how Binance is a partner in the fight against the illicit use of cryptocurrency", he stated.

Binance Striving To Raise Its Reputation

Binance is a popular exchange worldwide. The cryptocurrency giant has faced a barrage of investigations from many regulatory authorities probing whether the exchange violated regulatory requirements in various jurisdictions. Recently, Binance was probed by Commodity Futures Trading Commission (CFTC) and had its services banned in Malaysia. Other countries that have placed Binance under their searchlight include Singapore, Thailand, the Netherlands, among others.

Binance has made efforts to step up its compliance with regulations including the recruitment of a former regulator into Binance.us, and an upward review of Binance's KYC policy

The appointment of Tigran Gambaryan - an experienced former investigator, as VP of Global Intelligence is another example of Binance tapping into the expertise of authorities from the financial regulations sector. These efforts should steer Binance towards being more compliant with global regulations and may be a palliative that will hopefully give the crypto giant a soft landing in ongoing investigations. 

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Ahamdi Abarikwu

Ahamdi Abarikwu is an Electrical Engineer and a lover of anything crypto. He is also an avid writer, proofreader and editor. He loves to play Scrabble in his spare time. He hold bags mostly in BabyDoge, CSM (Crust Storage Network), and JulD.

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