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Binance Hires U.S. Cybercrime Expert for Money Laundering Role

Aug. 18, 2021, 7:00 AM

Binance has named Greg Monahan, a former U.S. government criminal investigator, to lead global money laundering reporting at the cryptocurrency firm.

Monahan will be based in Washington and be responsible for an existing team, according to the world’s biggest crypto exchange. He spent the bulk of his career in the U.S. government, leading cybercrime investigations at the Internal Revenue Service.

Binance is facing mounting scrutiny in Washington, including a probe by the Department of Justice and IRS into potential illicit activities. The crypto industry -- which is largely unregulated -- is also bracing for new rules, such as IRS requirements ...