Binance joins the Association of Certified Sanctions Specialists

Binance joins the Association of Certified Sanctions Specialists

DUBAI, UAE /PRNewswire/ -- Binance, the global blockchain ecosystem behind the world's largest digital asset exchange, today announced that it has joined the Association of Certified Sanctions Specialists (ACSS), the world's only organization bringing together sanctions compliance professionals.

ACSS, established in 2018, provides high-quality education and benefits to its members. Binance is the first crypto exchange to formally join the association.

Binance will be leveraging the training materials, comprehensive databases, and deep networks within ACSS to further enhance the skills and expertise of its team. All compliance professionals on the sanctions team as well as money laundering reporting, compliance operations, and special investigations leads within Binance will be required to undergo training with ACSS as part of the certification process.

The mandated training sessions will be key to equipping Binance's sanctions team with the latest OFAC guidelines on developing sanctions compliance programs. ACSS will also help to ensure the team keeps up with sanctions edicts and understands the risks of violations across multiple jurisdictions.

"The blockchain industry is still in its early years, and it's our priority to continue upholding the highest level of compliance amid a fast-evolving space," said Chagri Poyraz, Binance's Global Head of Sanctions. "By working closely with the ACSS, we