Binance Compliance Staff Leave Financial Crime, Monitoring Roles

Binance faced a 2023 guilty plea for US sanctions and anti-money-laundering violations, requiring a compliance overhaul as part of its settlement agreement with authorities. Noah Perlman, a former federal prosecutor, was hired as chief compliance officer in 2023 to lead Binance’s sanctions enforcement, financial crime monitoring, and investigations teams. Key compliance staff—critical to Binance’s post-settlement reforms—have since departed from financial crime and monitoring roles, raising questions about the exchange’s regulatory commitments. The exits follow Binance’s $4.3 billion settlement with US agencies, which mandated stricter compliance controls to prevent illicit financial activity on its platform. The staffing changes risk undermining Binance’s efforts to rebuild trust with regulators amid ongoing scrutiny of its anti-money-laundering and sanctions compliance programs.