Binance Hires Former IRS Special Agent to Head Suspicious Activity Reporting

The hire is the latest in a series of appointments at Binance as the crypto exchange tightens up on regulatory compliance while tackling fraud and criminal activity.

By Jamie Crawley

Nov 5, 2021 at 11:15 a.m. UTC

Updated Dec 28, 2021 at 6:14 p.m. UTC

Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

Follow @JamieCrawleyCD on Twitter

Binance has hired a veteran financial criminal investigation agent to head up suspicious activity reporting as it continues to strengthen its regulatory compliance front.

Amjad Qaqish, a former criminal investigation special agent at the U.S. Internal Revenue Service (IRS), was named Binance’s director of global suspicious activity reporting Friday.
During his 30 years with the tax authority, Qaqish worked on cases relating to fraud, tax evasion, money laundering and terrorism financing, including those involving crypto.
His role will involve monitoring suspicious activity to prevent “bad actors misusing the cryptocurrency markets,” Binance said.
The hire is the latest of a series of appointments as the largest crypto exchange tightens up on regulatory compliance while tackling fraud and other criminal activity.
Last month, Binance hired Mark McGinness, the former head of international relations at the Dubai Financial Services Authority, as its first chief regulatory liaison officer.

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