The move helps to increase the knowledge and standard of compliance team members at Binance.
Binance Grows Global Compliance Role
Binance is confirmed to be joining the Association of Certified Sanctions Specialists (ACSS), bringing together the world’s largest crypto exchange with the consortium of global compliance professionals.
Binance will move to an active role in the association, and its employees will benefit from the deep wealth of resources offered by the association, according to the January 6 press release.
Sanctions team members at Binance will have mandated training sessions and must achieve certifications to meet the standards of the association. Team members will also gain access to materials to help Binance improve the team’s knowledge across the compliance industry.
“The blockchain industry is still in its early years, and it’s our priority to continue upholding the highest level of compliance amid a fast-evolving space,” Chagri Poyraz, Binance’s Global Head of Sanctions, said in the PR. “By working closely with the ACSS, we will take our sanctions compliance standards to a level that is recognized by a reputable industry association and provide upskilling opportunities for our compliance team. At the end of the day, we want to continue setting the industry standard for security and compliance alongside other industry players.”
Binance is the first crypto organization to join the ACSS, a group that began in 2018 to help educate professionals on topics like money laundering reporting and compliance operations.
“We are proud to have been chosen by Binance, a world leader in blockchain ecosystem and cryptocurrency infrastructure. ACSS, as an organization specializing in providing sanctions training for multinational corporations and financial institutions, will ensure the highest quality of training to the team at Binance in this dynamic sector and help advance compliance in the crypto industry,” said ACSS Executive Director Saskia Rietbroek.
What is the Association of Certified Sanctions Specialists (ACSS):
The Association of Certiﬁed Sanctions Specialists (ACSS) is a professional membership body for sanctions professionals worldwide. It was formed to advance sanctions compliance by supporting the professional development of the individuals who lead those eﬀorts. Financial institutions, international corporations, law firms, consulting companies, government and other trades and businesses depend on the ACSS to assist them with their sanctions compliance needs. “Certified Sanctions Specialist” or CSS is a mark of distinction that shows individuals have had full sanctions compliance training.
Where to find the Association of Certified Sanctions Specialists (ACSS):
What is Binance:
Binance positions itself as the world’s leading blockchain ecosystem and crypto-asset infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. The Binance platform aims to increase the freedom of money for users and features a comprehensive portfolio of crypto-asset products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization, and infrastructure solutions.
Where to find Binance:
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