According to a Binance news article, Binance announced that it has joined the Association of Certified Sanctions Specialists (ACSS). ACSS is the world's only organization for sanctions compliance specialists, and Binance is the first crypto asset trading platform to officially join the ACSS Association. Binance will make full use of ACSS's training materials, comprehensive database, and deep and extensive network to further enhance the skills and expertise of its compliance team. As part of the certification process, all compliance specialists on the sanctions team and all Binance supervisors responsible for anti-money laundering reporting, compliance operations, and specialized investigations will receive ACSS training.

“By working closely with ACSS, we will raise our sanctions compliance standards to a level recognized by a well-known industry association and provide opportunities for our compliance team to improve their skills,” said Chagri Poyraz, Binance’s Global Head of Compliance. “We hope to work together with other industry players to jointly set the industry’s security and compliance standards.”