PARIS, September 27, 2022 /PRNewswire/ — Binancethe global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume, today officially announced its Global Law Enforcement Training Program which has grown exponentially since expanding the investigations team over the past year. The program – the first coordinated industry effort across the globe – was created by Binance to help law enforcement and prosecutors detect financial and cyber crimes and help prosecute bad actors.
“As more regulators, public law enforcement agencies and private sector actors take a close look at crypto, we are seeing an increased demand for training to help educate and combat crime. cryptographic,” said Tigrane Gambarian, Global Head of Intelligence and Investigations at Binance. “To meet this demand, we have strengthened our team to conduct more training and work hand in hand with regulators around the world.”
Over the past year, Binance’s Investigations team has hosted and participated in over 30 cybercrime and financial crime fighting workshops with law enforcement agencies in various countries, including Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Koreathe United Kingdom among others.
The training program is led by leaders from the Binance Investigations team of security experts and former law enforcement officers, including world-renowned experts who helped take down some of the biggest crypto platforms criminals in the world, including Silkroad and Hydra.
The full-day training program includes in-person workshops on blockchain and crypto-asset concepts. The program also includes an overview of the evolution of the legal and regulatory environment. Binance’s Anti-Money Laundering (AML) policies and investigative methods developed by the company to detect and prevent potential fraud are also discussed in detail.
Thanks to its strong compliance and anti-money laundering programs, Binance recently obtained approvals and registration in France, Italy and Spainamong other things, making the exchange one of the few crypto companies to accomplish this in G7 countries.
“User protection is our number one priority at Binance. We work hand-in-hand with law enforcement to track and trace suspicious accounts and fraudulent activity, helping to combat terrorist financing, ransomware, human trafficking, child pornography and financial crimes,” said gambariana ancient special agent of the Internal Revenue Service—Criminal Investigation (IRS-CI) Cyber Crimes Unit.
Since November 2021, the Binance Investigations team has responded to over 27,000 law enforcement requests with an average response time of three days, which is faster than any traditional financial institution. “Binance is known to law enforcement for having a rapid response system unmatched by any traditional financial institution,” Gambaryan said.