Binance hires yet another former IRS special agent
This is the third IRS special agent to be hired by Binance since October
Binance, currently the world’s largest cryptocurrency exchange by trading volume, has hired a former special agent of the US Internal Revenue Service Criminal Investigation agency (IRS CI). He joins the organisation’s compliance department as director of global suspicious activity report (SAR) reporting.
Amjad Qaqish spent over 30 years with the IRS, 23 of which were spent as a special agent with the CI agency. During his time there, Qaqish worked on crypto-related cases involving fraud, tax evasion, money laundering and terrorism financing.
The new director will oversee Binance’s global SAR team, which monitors for suspicious and unusual activity in order to stop misuse of the crypto markets. It also ensures users’ accounts and funds are safe.
Fascination with all things crypto
Qaqish said: “My interest in the cryptocurrency and digital asset industry started many years ago when I first supported IRS investigation of cases involving crypto. I furthered my interest in this field when I subsequently joined IRS CI’s Cyber Crime Unit. We had to learn the crypto industry in order to effectively investigate these cases and that led to an infectious intrigue and fascination with all things crypto.
“The speediness of how the crypto market grows means the deterrence of bad actors is critical to the long-term success of our industry. Binance is a market leader, and the global community will look up to us. I am pleased to lead a dedicated and professional team to help set standards for compliance practices.”
Not Binance’s first former IRS agent
Binance has hired former special agents before from the IRS CI Cyber Crimes Unit in Washington, DC, to boost the company’s security.
In October, Tigran Gambaryan was appointed vice president of global intelligence and investigations, while Matthew Price was appointed senior director of investigations.