Binance, which agreed to a massive $4.3 billion+ settlement with US regulators yet continues to face major operational challenges globally, is pleased to welcome back their former Senior Vice President of Compliance Steve Christie, who is taking on the role of Deputy Chief Compliance Officer (DCCO).
Steve is succeeding Kristen Hecht, Binance’s former Deputy Chief Compliance and Global Money Laundering Reporting Officer, who recently “departed after a successful tenure helping to bring historical issues in the U.S. to resolution and setting Binance up for a strong future.”
Steve will be working alongside Binance‘s Chief Compliance Officer Noah Perlman to continue enhancing Binance’s global compliance program while “identifying new opportunities for Binance to continue playing a leadership role as the industry evolves and innovates.”
This includes working closely “with regulators, industry bodies, and Binance’s business leaders to further the company’s efforts and commitment to user protection and best practices for robust regulatory compliance.”
Steve previously stepped away from Binance “for several months to focus on his family and health.”
He comes back “reinvigorated” by Binance’s new leadership, vision, and direction.
Steve said:
“I am impressed by what Binance has accomplished on the compliance front since I stepped away momentarily. I always believed that no other crypto exchange dedicates as much effort in compliance as Binance, including product and engineering resources. The team is even stronger today and I am supported by a robust team with quality talent. I am not only excited about the organization’s commitment to being compliance-first but going above and beyond to set the industry standard for compliance.”
Noah Perlman said:
“Steve’s familiarity with Binance and deep compliance expertise makes him the perfect person to assume the DCCO role. When Steve first joined Binance in 2022, the compliance team underwent fast growth and made tremendous efforts and investments to strengthen and mature its compliance culture and program, which Steve helped lead. Compliance is always evolving and maturing, and he has helped Binance meet new changes and challenges, making compliance a business enabler and driver of sustainable industry growth. We are thrilled to have him back.”
Binance remains committed to “achieving the highest standards of regulatory compliance and working and learning alongside industry players and regulators to protect users, encourage innovation, and move our industry forward sustainably.”