Binance Holds Crypto Security Workshop for the National Bank of Georgia Officials

October 7, 2022 — The industry-leading investigations team of Binance, the global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume, welcomed employees of the National Bank of Georgia and the nation’s financial monitoring services to a three-hour training session on combating cyber and financial crime. More than 30 officials attended the training. 

The workshop is the latest in a series of events organized under Binance’s first-of-its-kind global Law Enforcement Training Program, which is designed to further the company’s collaboration with local and international authorities on fighting financial crime facilitated by digital assets.

"Binance has the most robust compliance program in the fintech industry, incorporating anti-money laundering (AML) and global sanctions principles, as well as tools to preemptively detect suspicious accounts and fraudulent activity,” said Tigran Gambaryan, VP of Global Intelligence and Investigations at Binance. “Thanks to the Georgian financial regulators and law enforcement agencies for their collaboration and commitment to addressing the challenges in this nascent and fast-growing industry."

The event featured Gambaryan presenting a report on investigations in the digital asset space and sharing observations and insights he accumulated throughout his stellar career in law enforcement. Among the high-profile investigations that he led are those into the drug market Silk Road and the infamous crypto exchange Mt.Gox, among many others.

The Binance Law Enforcement Training Program has already hosted workshops and training sessions with officials in France, Germany, Italy, UK, Norway, Canada, Brazil, Paraguay and Israel, in  addition to contributing to global events sponsored by Interpol, Europol, and Eurojust. Similar workshops will take place across multiple other regions and countries over the next few months.  

In addition to discussing best practices of detecting and prosecuting digital financial crimes, Binance representatives spoke about regulation of the cryptocurrency industry.

“We would like to thank Mr. Archil Mestvirishvili, Member of the Board and Vice-Governor of the National Bank of Georgia, for an open dialogue and willingness to contribute to the development of cryptocurrency regulation in Georgia,” said Olga Goncharova, Director of Government Relations at Binance. “Binance is always open to dialogue with regulators around the world. We hope that our experience, which we shared at the meeting, will be useful to the Georgian national regulator, and soon we will see a renewed, progressive and regulated cryptocurrency market in this country.”