Binance, the world's leading cryptocurrency and blockchain infrastructure provider, continues to deepen its cybersecurity efforts in Latin America, with collaborations and workshops. On this occasion, it offered training aimed at representatives of the Financial Investigation Unit, the National Commission for Digital Assets and prosecutors from the Attorney General's Office of the Republic of El Salvador, in which the mechanisms that Binance has to provide support to judicial investigations taking place in the country.
In the training, the Kodex application, the Binance products available in El Salvador and their application according to the Salvadoran legal framework were discussed. It also delved into the interpretation and analysis of the information provided by Binance in case of investigations, and in urgent requests for those cases that require a prompt response.
The activity, which took place at the Training School of the Attorney General's Office of the Republic of El Salvador, was taught by René Guzmán, Compliance and MLRO of Binance for El Salvador, and by Daniel Camp, from the Binance Research team. Among those present were also the Deputy Prosecutor of the Financial Investigation Unit, Ana Virginia Samayoa Barón, and directors of the National Digital Assets Commission.
"Binance has not only democratized access to cryptocurrencies, but has also driven innovation in the blockchain ecosystem, opening new opportunities for investors and developers around the world, which is why the approach and coordination with this Cryptocurrency Provider is important. Virtual Asset Services in the country," said Ana Virginia Samayoa Baron, deputy prosecutor of the Financial Investigation Unit of El Salvador.
"We are very grateful to the National Digital Assets Commission, the Financial Investigation Unit, and the Attorney General's Office of the Republic of El Salvador for the willingness and opportunity to carry out this training," said Pablo Vera, head of Intelligence and Investigations of Binance in the Americas. “It was very positive for our team to contribute to the dialogue and answer the questions of prominent professionals from the Republic of El Salvador about how we can support their investigations and help identify and report suspicious activities on our platform. As an industry leader in security and compliance, we want to continue working with authorities in El Salvador and throughout the region, committed to fighting crime.”
These actions are part of Binance's ongoing work around the world to deepen market intelligence and help strengthen efforts to prevent, investigate and combat financial crimes.
“Binance aims to lead the development of the crypto space, with the aim of bringing its benefits closer to society. At the center of this mission is the enormous work we carry out to guarantee the security of the ecosystem and our users,” said Daniel Acosta, general manager of Binance for El Salvador and Northern Latin America. “With this commitment, we have invested heavily in a security and compliance team that aligns with this goal and sets a standard for crypto service providers. At Binance, we work hand in hand with law enforcement to track and locate suspicious accounts and fraudulent activities, contributing to the fight against cybercrime and financial crimes. By initiating our own investigations and working with major law enforcement agencies to protect users, our goal is to lead the industry in security and compliance," Acosta added.
In 2023, Binance organized and participated in more than 120 in-person and remote training and workshops with Police and Prosecutor's Offices worldwide, including LATAM. Additionally, Binance investigations teams responded to more than 58,000 requests from authorities. To date, Binance has already helped authorities freeze and confiscate over one billion in USDT equivalent as part of its public and private collaborations to deter and capture malicious actors in this space.
