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.