Cryptocurrency exchange Binance apped two former members of the Financial Action Task Force (FATF) for its advisory team Thursday, telegraphing its commitment to staunching compliance and fraud concerns.
- Former Executive Secretary Rick McDonell and the former head of FATF's Canadian delegation, Josée Nadeau, will advise on Binance's "global compliance and regulatory strategies," according to a press release.
- The pair will also participate in Binance's communication with regulatory agencies around the world, according to the company. Earlier this month Binance added a top government liaison in former U.S. Senator Max Baucus.