"Binance highlights its commitment to compliance, innovation, and collaboration at the ACFE Hong Kong Chapter’s 25th Anniversary Conference, driving progress in crypto crime prevention and financial integrity."
On November 27, 2024, Binance joined the ACFE Hong Kong Chapter’s 25th Anniversary Conference at the Regal Hong Kong Hotel, uniting over 150 professionals in fraud prevention and compliance to explore financial integrity trends.
A key panel, featuring Nils Andersen-Röed of Binance’s Financial Intelligence Unit, discussed challenges and regulations in the evolving crypto landscape. Highlights included:
Regulatory Challenges: With only a third of jurisdictions having crypto-specific frameworks, Binance has heavily invested in navigating diverse global regulations.
Fighting Financial Crime: Binance emphasized that crypto represents a small fraction of global illicit funds compared to traditional avenues like real estate. It highlighted its partnerships with law enforcement in combating money laundering.
Risk Management: Advanced compliance tools and collaborations with RegTech vendors were showcased as Binance’s efforts to address blockchain-specific challenges.
The event reinforced the collective effort required to build a secure, sustainable crypto ecosystem and Binance's commitment to fostering trust and innovation.