Former Dubai Financial Services Authority Director Joins Binance as Chief Regulatory Liaison Officer
Posted: October 14, 2021 at 6:00 a.m. MDT|Update: 20 minutes ago
SINGAPORE, October 14, 2021 / PRNewswire / – Binance, the global leader in the blockchain ecosystem and cryptocurrency platform, today announced the appointment of Mark McGinness, former head of international relations at the Dubai Financial Services Authority (DFSA), who is joining the organization as Chief Regulatory Liaison Officer.
Following its commitment to lead the industry by working more closely with regulators as it charts the course to become a financial institution, Binance has grown its international compliance team and advisory board by 500% since 2020. recent appointments include Greg Monahan, former US Treasury Criminal Investigator, as Global Money Laundering Reporting Officer (GMLRO); as good as Tigran Gambaryan and Matthew Price, both former Special Agents of the Internal Revenue Service (IRS), respectively as Global Intelligence and Investigations and Senior Director of Investigations.
Mark has over three decades of experience as a leading financial services regulator, working with industry stakeholders, international regulators and regional securities and insurance commissions. In Mark’s previous role as the head of the international engagement for the DFSA, he was instrumental in establishing a global network of over 85 regulators and concluded 100 memoranda of understanding for the financial center. . Mark also served as the DFSA’s chief decision-maker, deciding matters referred by its enforcement division.
Prior to joining the DFSA, Mark was Head of International Relations and Advisor to the Chairman of the Australian Securities and Investments Commission (ASIC), where he was responsible for its international engagement and advised on ASIC’s engagement in matters global standardization. Mark has also held advisory positions as a subject matter expert for the International Monetary Fund (IMF) and the World Bank.
“Mark is one of the industry’s most respected regulators and compliance experts. He brings with him over 30 years of invaluable experience working alongside major players in the financial services industry, Binance CEO “CZ” said. Changpeng Zhao. “Joining Mark in our leadership is not only a huge step forward for Binance, but for the industry as a whole as we work to grow the industry responsibly with the support of regulators and policymakers around the world. whole. “
“The rapid adoption of blockchain and crypto technology by the general public signals the need for deeper understanding and appreciation among governments, regulators and users,” said Mark. “I want to bridge this gap by working closely with industry leaders and policy makers to not only define best practices and regulatory frameworks, but also broaden their understanding of this dynamic. industry.”
Binance is the world’s leading blockchain and cryptocurrency infrastructure provider with a suite of financial products that includes the largest digital asset exchange by volume. Trusted by millions of people around the world, the Binance platform is dedicated to increasing the freedom of money for users and offers an unrivaled portfolio of crypto products and offerings including: trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more. For more information visit: https://www.binance.com.
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