Binance: To Further Expand Compliance Team This Year, Hires Todd McElduff as Chief Compliance Officer

BlockBeats News, November 22, according to the official blog, Binance plans to increase 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%. Currently, Binance has over 1,000 compliance employees and contractors.

Todd McElduff joined Binance this year as the Chief Compliance Officer. The Corporate Compliance team's responsibilities include collaborating with law enforcement to handle requests and conduct special investigations, providing education and training to law enforcement, and overseeing critical areas such as trade surveillance, market regulation, and sanctions compliance. Todd McElduff has 20 years of compliance experience, with a focus on financial crime in the traditional financial and fintech sectors. He previously held positions such as Senior Director at PayPal.