BlockBeats news, on November 22, according to the official blog, Binance plans to increase the size of its compliance team to 645 employees by the end of this year. From November 2023 to the end of 2024, the team size will grow by 34%. As of now, Binance has over 1,000 compliance employees and contractors.
Among them, Todd McElduff joined Binance this year as the Director of Corporate Compliance. The responsibilities of the corporate compliance team include working with law enforcement to handle requests and conduct special investigations, providing education and training for law enforcement, and overseeing key areas such as transaction monitoring, market regulation, and sanction compliance. Todd McElduff has 20 years of compliance experience, focusing on financial crime in traditional finance and fintech. He previously held positions such as Senior Director at PayPal.