**Binance US Bolsters Compliance Team with New Board Appointment**
In a strategic move to enhance its compliance efforts, Binance US has appointed Martin C. Grant, the former Chief Compliance & Ethics Officer at the New York Fed, to its board of directors. This decision comes on the heels of the crypto exchange giant’s $4.3 billion SEC penalty last year, signaling a shift towards a more proactive approach to regulatory compliance.
**Lesley O’Neill Leads Compliance Efforts at Binance US**
Earlier this year, Lesley O’Neill, the former Chief Compliance Officer at Prove Identity, was appointed as the Chief Compliance Officer at Binance US. With 15 years of experience in regulatory and privacy compliance, information security, and identity verification, O’Neill is spearheading the company’s compliance initiatives, including its KYC, AML, and sanctions programs.
**A New Era for Binance US**
Commenting on his new role at Binance US, Grant expressed his excitement to be part of an organization dedicated to connecting Americans to the digital asset industry in a safe and compliant manner. Norman Reed, Interim CEO of Binance.US, emphasized the importance of maintaining high standards of compliance and integrity, highlighting the company’s commitment to long-term growth and success.
As Binance US continues to navigate the evolving regulatory landscape, the addition of Grant to its board reflects a strategic move towards strengthening its compliance framework and positioning itself as a leader in the digital asset industry. Stay updated on the latest developments by subscribing to our newsletter and following us on Twitter and Telegram.
