Binance Appoints Kristen Hecht as New Deputy Director of Global Anti-Money Laundering Reporting and Compliance
The exchange has announced the appointment of its current Global Head of Corporate Compliance, Kristen Hecht, as the new Deputy Director of Compliance and also as Global Head of Money Laundering Reporting. She has 17 years of experience, including over a decade supporting the US government's efforts to combat terrorism and illicit financial activity as a Senior Policy Advisor in the Office of Terrorist Financing and Financial Crimes at the Treasury Department of USA
He also worked as CCO at Meta's first crypto digital asset portfolio project. He was at HSBC to support the transformation efforts of “compliance and confidentiality” from the company during your Deferred Prosecution Agreement. She was the Head of Financial Crimes Compliance for HSBC China, where she led efforts to foster the establishment of an effective and sustainable compliance program.
New stage for Kristen Hecht on Binance
Kristen will work to further improve the compliance program of Binance. As the Group's Chief Information Officer on Money Laundering, you will oversee national and regional teams, equipping them with compliance risk management tools and executive support to meet jurisdictional requirements.
As part of the immediate objectives of his new role, he will proactively engage with regulators, intergovernmental organizations and industry bodies to contribute to the dialogue on how to develop the best compliance programs in the cryptocurrency industry. He will also collaborate with Binance business leaders to foster the organization's commitment to user protection and strong compliance with regulatory requirements. Their long-term goal is to build trusted partnerships and collaborate with regulators, industry bodies and business partners to identify and mitigate financial crime risk through innovative technology.
Blockchain technology has opened up a whole new way of transferring assets in an open and transparent manner, which continues to drive technological advances, facilitating access for people and companies currently excluded from the global financial system. As with any emerging industry, he knew there would be significant challenges from criminals seeking to exploit global financial services, including digital crypto asset services. I am leveraging my professional experience to continue to evolve our compliance controls to outpace illicit actors.
As an organization committed to its users, and one that has come a long way towards creating a best-in-class compliance program comparable to that of global financial institutions, I look forward to further raising the awareness of regulatory and industry partners about the cryptocurrency industry to Build trust and collaborate in this rapidly developing space.
Kristen Hecht
We are delighted to have Kristen assume this new role in which she is well positioned to drive our global compliance program forward and evolve it to meet rapidly changing regulatory developments and expectations. Thanks to her extensive experience, Kristen understands the importance of collaborating with governments and international organizations, which are critical to making sustainable progress and fighting financial crime in the crypto ecosystem.
Noah Perlman, CCO of Binance
