Setting the Record Straight on Binance Compliance | Co-CEO Richard Teng & CCO Noah Perlman

Why It Matters

By publicly detailing its compliance investments and cooperation with authorities, Binance seeks to rebuild regulator trust, which is critical for securing licenses and maintaining investor confidence in a tightening crypto regulatory environment.

Key Takeaways

• Binance invested hundreds of millions to rebuild compliance infrastructure.
• No employee dismissed for raising compliance concerns, per leadership.
• Internal review found no sanctioned users in alleged Iranian transactions.
• Sanctions exposure dropped 97% in 18 months, showing progress.
• Binance handled 71,000 law‑enforcement requests in 2025, seizing $130M.

Summary

Binance co‑CEO Richard Teng and CCO Noah Perlman used a video briefing to rebut recent media claims that the exchange neglects compliance and sanctions obligations. They emphasized that the firm has poured hundreds of millions of dollars into a global compliance framework, hiring dedicated sanctions, financial‑crime and intelligence teams and embedding controls throughout the business.

The executives highlighted concrete results: no employee has ever been fired for raising compliance concerns; internal reviews found no sanctioned users in the disputed Iranian‑linked transactions; and sanctions‑related exposure fell roughly 97% over an 18‑month period. They also cited a surge in cooperation with authorities, responding to more than 71,000 law‑enforcement requests in 2025 and helping seize over $130 million in illicit funds.

“None of the Binance users involved were sanctioned, and no wallet was designated at the time of the activity,” Teng said, underscoring the importance of context in on‑chain investigations. He added that the company’s culture prioritizes trust, escalation, and transparent action, countering narratives of indifference.

The clarification aims to restore regulator confidence and reassure investors that Binance’s compliance program is robust and evolving. Demonstrating measurable risk reductions and active law‑enforcement collaboration could smooth licensing negotiations and mitigate future legal exposure, influencing the broader crypto industry’s push toward stricter oversight.

Original Description

READ OUR STATEMENT HERE: https://www.binance.com/en/blog/compliance/7645950191660160802

“Building trust takes time, effort, and heart, and it has to be earned every day.” We are proud of our industry‑leading compliance program. Binance remains committed to maintaining one of the strongest anti‑financial crime and sanctions functions in digital finance.

In this video, Co-CEO Richard Teng and Chief Compliance Officer CCO Noah Perlman walk through the facts, address common misconceptions and false reporting, and explain how Binance compliance works in practice — from governance and escalation, to investigations, offboarding, and cooperation with law enforcement globally.

In this video, Richard Teng and Noah Perlman cover:

✅ Why we’re speaking now: addressing recent allegations with facts, context, and process

✅ What changed: how Binance rebuilt its compliance program and invested heavily over recent years

✅ Binance’s compliance governance: why concerns are surfaced, escalated, and acted on—and why retaliation claims are false

✅ Binance sanctions controls: what Binance’s internal review found about users and wallet designations at the time of activity

✅ On‑chain complexity: why multi‑intermediary flows require investigation and risk assessment

✅ How effective compliance works: investigate, assess exposure, and act when risk indicators emerge

✅ Cooperation at scale: 71,000+ law‑enforcement requests supported and $130M+ assisted in illicit‑fund confiscations (2025)

✅ Measurable progress: sanctions‑related exposure reduced by ~97% over an 18‑month period

✅ Closing commitment: continuous improvement and operating transparently and consistently

⏱️ Timestamps:

⏳ 00:00 – Introduction by Co-CEO Richard Teng & CCO Noah Perlman

⏳ 01:10 – Binance’s Compliance Investment and Team Buildout

⏳ 01:49 – Addressing Allegation: Employees were dismissed for raising concerns

⏳ 02:29 – Addressing Allegation: “Iran-linked” Transfers

⏳ 03:25 – Closing: The facts show Binance’s mature compliance systems, not indifference

Binance’s compliance process is rigorous: when there is credible risk information, we investigate, mitigate, offboard accounts where warranted, and report to appropriate authorities through established governance. Over the past two years alone, we have invested hundreds of millions of dollars in compliance infrastructure, expanded sanctions screening and transaction monitoring, strengthened governance independence and board oversight, and built one of the largest compliance teams in the digital‑asset industry — more than 1,500 professionals (about 25% of global headcount) dedicated to protecting users and fighting illicit activity.

This approach is effective. Based on independent industry data, Binance’s sanctions‑related exposure (direct & indirect) declined 96.8% from January 2024 to July 2025, from 0.284% to 0.009%. With respect to exposure to Iranian cryptocurrency exchanges specifically, Binance reduced direct exposure to the four top exchanges by more than 97.3% from January 2024 to January 2026 (from $4.19 million to $110,000).

In all forms of global finance, whether traditional banking, fintech, or crypto, bad actors present risk. The measure of a responsible institution is not whether risk ever touches the platform, but whether it is detected, investigated, mitigated, and reported appropriately. For us, compliance isn’t just a policy — it’s a promise. Integrity is the foundation of everything we do.

#binance #compliance #sanctions #aml #cryptocompliance

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