Main Takeaways
Binance's Financial Crime Compliance Unit received an award from the Royal Thai Police's Central Investigation Bureau for significant contributions to combating crypto-related crime.
The collaboration between Binance and Thai law enforcement has been instrumental in enhancing the security of Thailand's digital-asset ecosystem, with Binance providing crucial analytical insights and support for major operations against transnational criminal networks.
Binance's commitment to security is further demonstrated by its Global Law Enforcement Training Program, which has conducted nearly 200 training courses worldwide to aid law enforcement in fighting financial and cybercrimes related to digital assets.
We are proud to share that the Law Enforcement and Investigation Team of Binance’s Financial Crime Compliance (FCC) Unit has been honored with an award by the Central Investigation Bureau (CIB) of the Royal Thai Police. This award, which recognizes Binance's significant contributions to CIB’s efforts to tackle crypto-related crime, was presented during the celebration of the fifteenth anniversary of the CIB’s Technology Crime Suppression Division (TCSD).
Key Contributions and Successful Collaborations
Among the many collaborative efforts run alongside the CIB, Binance has been actively supporting the Anti-Online Scam Operation Centre (AOC), which has been operational since last year. This new force is dedicated to combating online scams that are increasingly targeting Thai citizens, and Binance has been proactive in supporting the investigative needs of the agency since it launched.
Binance also supported the CIB’s earlier operations – for example, a major crackdown that resulted in arrests across 30 sites involving over 200 officers to dismantle a transnational criminal network. In another major partnership, our teams provided analytical insights to support the investigations that led to the takedown of illegally installed computer networks linked to scam centers across the border.
Private-Public Collaboration For Security
The collaboration between Binance and Thai law enforcement has been instrumental in enhancing the security and integrity of the digital-asset ecosystem in Thailand.
Akbar A., Binance’s Head of Investigations for APAC, commented, "We are deeply honored to receive this award from the Central Investigation Bureau. This recognition is a testament to our unwavering commitment to fighting cybercrime and protecting the community."
Col. Amornchai Leelakajonjit from the Technology Crime Suppression Division called the support and expertise provided by Binance “invaluable” in his unit’s efforts to combat crypto scams. He praised Binance’s proactive approach and dedication, which have significantly contributed to the success of Thai crime fighters’ operations. Leelakajonjit added, “We look forward to continuing this fruitful collaboration to ensure a safer crypto environment for all."
This recognition marks another significant milestone in the ongoing partnership between Binance and the CIB, highlighting the importance of cross-sector collaboration in tackling crypto crime.
A Continued Commitment to Security
At Binance, we firmly believe that collaboratively working with law enforcement agencies is the key to building trust and upholding security standards for the industry.
As part of this commitment to promoting the safety and security of the wider digital-asset ecosystem, Binance formally launched the industry’s first Global Law Enforcement Training Program in 2022, aiming to support law enforcement agencies in their fight against financial and cybercrimes related to digital assets by providing training and sharing expertise. In the past two years, Binance has conducted almost 200 training courses worldwide, including several sessions with the CIB and other law enforcement agencies in Thailand.