Binance Expands Compliance Team to 645 Employees By Year-End.

Binance, a cryptocurrency exchange, plans to expand its compliance team to 645 employees by the end of 2024. The company aims to increase team size by 34% from November 2023 to the end of 2024. As of now, Binance has over 1,000 compliance employees and outsourced workers. Todd McElduff, who joined Binance as the director of corporate compliance, leads the team.

The Corporate Compliance team is responsible for working with law enforcement, conducting special investigations, providing education and training, and monitoring transactions, markets, and sanctions compliance. McElduff has 20 years of compliance experience, focusing on financial crime in traditional finance and fintech.

He previously served as a senior director at PayPal. Binance is increasing its compliance team size to 645 employees by the end of 2024, with a 34% growth from November 2023 to the end of 2024. The company currently has over 1,000 compliance employees and outsourced workers. Todd McElduff, the director of corporate compliance, leads the team responsible for working with law enforcement, conducting special investigations, providing education and training, and monitoring transactions, markets, and sanctions compliance.

McElduff has 20 years of compliance experience, previously serving as a senior director at PayPal.

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