Binance. US has hired a compliance professional with experience at Société Générale and Gemini as its chief compliance officer, a move that comes after a top-level shakeup at the company and a report that the SEC is probing the cryptocurrency exchange’s relationship with two trading firms.
Tammy Weinrib, most recently vice president of the financial crime compliance department at SocGen, will head up compliance for the U. S. arm of cryptocurrency exchange giant Binance, whih will include leading its anti-money laundering and know-your-customer programs, according to a company announcement.
Ms. Weinrib brings to her new role more than 15 years of experience building and expanding onboarding and AML programs at both traditional financial services businesses and crypto firms, Binance.US said. Before Société Générale, she served as deputy chief compliance officer at crypto exchange Gemini Trust Co. between 2015 and 2017 and had held various compliance roles at other financial institutions and consulting firms.
“I look forward to taking a proactive approach to engaging with regulators to maintain and enhance our compliance programs and ultimately do right by our customers,” Ms. Weinrib said in the statement.
Ms. Weinrib’s appointment is the latest addition to Binance.US’s senior leadership team and compliance department. She reports to Binance.US Chief Risk Officer Sidney Majalya, who was hired in December. The company also hired a new general counsel, Norman Reed, in December.
Binance.US said it has more than doubled the number of its employees and made additional investments to its compliance programs. It has ramped up hiring efforts, adding within the last 60 days consultants from companies such as Guidehouse Inc. and AML RightSource LLC that focus on financial services compliance.
“At Binance.US, we recognize the enormous responsibility that comes with handling our customers’ assets, and with that responsibility comes a need to ensure our company and industry are held to the highest standards of regulatory compliance,” said Binance.US CEO Brian Shroder.
