Cryptocurrency exchange Binance on Thursday announced the appointment of two former Financial Action Task Force (FATF) executives as compliance and regulatory advisors.
Former FATF Executive Secretary Rick McDonell and Head of the Canadian Delegation to the FATF Josée Nadeau have signed on to “provide high-level guidance on Binance’s global compliance and regulatory strategies.” McDonell and Nadeau work together as consulting partners, having previously served other companies in similar roles.
“We’re thrilled to welcome Josée and Rick to our team and look forward to their strategic guidance on international AML and CFT policies,” said Binance CEO Changpeng Zhao in a press release. “Their experience across significant global organizations will be of immense value to our team as we look to grow Binance and the industry in a sustainable manner.”
McDonell and Nadeau will also serve the firm as it looks to improve its coordination with regulatory authorities, the release states.
McDonell was FATF executive secretary from 2007-16, and Nadeau held her role from 2009-16. The two have also worked with the International Monetary Fund, the Organisation for Economic Co-operation and Development, the World Trade Organization, and other groups.