Last Updated on September 28, 2022 by Bitfinsider
Binance announced the Global Law Enforcement Training Program in a blog post on September 27. Because the company’s investigations team has been holding workshops for law enforcement for the past year, the program could be considered retroactive.
According to the company’s blog, Binance expanded its investigations team a year ago and has since held one-day workshops in a number of countries. Argentina, Brazil, Canada, France, Germany, Israel, the Netherlands, the Philippines, Sweden, South Korea, and the United Kingdom were specifically mentioned. The workshops were designed to assist law enforcement in detecting and prosecuting financial and cybercrime.
The team also claims to have responded to over 27,000 law enforcement requests since November, with a three-day average response time. The team is led by Tigran Gambaryan, a former special investigator in the United States Internal Revenue Service cybercrimes unit who was hired away by Binance in September.
Binance became a member of the National Cyber-Forensics and Training Alliance in January. The company credited its strong compliance and anti-money laundering programs with allowing it to operate in France, Italy, and Spain. However, its own compliance measures have been criticized in the past.
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