Richard
Teng,
a
former
regulator
in
Singapore
and
the
United
Arab
Emirates,
took
the
helm
at
Binance
after
Zhao’s
departure.
He’s
since
been
very
vocal
about
turning
the
exchange
into
a
model
of
regulatory
compliance
—
something
he
sees
as
necessary
to
ensure
the
company
is
sustainable
for
the
long
term.
Though
Teng’s
short
tenure
as
CEO
has
certainly
accelerated
Binance’s
compliance
efforts,
the
exchange
began
making
an
effort
to
be
more
compliant
with
regulators
well
before
Zhao
stepped
down
in
November
2023.
Tigran
Gambaryan,
Binance’s
head
of
financial
crime
compliance,
left
the
Internal
Revenue
Service
(IRS)
in
2021
to
join
the
exchange.
Noah
Perlman,
Binance’s
chief
compliance
officer,
started
in
January
2023.
In
2023,
Binance
increased
its
compliance
spend
by
36%.