Despite the bear market, Binance is one of the companies that continues to build meaningful partnerships with companies and organizations. In its latest partnership headline, Binance has joined the Accredited Sanctions Professionals Association (ACSS), which provides sanctions training to multinational corporations and financial institutions.
Founded in 2018, ACSS provides members with the educational resources and benefits they need. The company is the first crypto exchange to formally join the association as part of its ongoing efforts to “strengthen its compliance capabilities.” Press release Published earlier today.
Binance Team Gets Training on ACSS
As part of the certification process responsible for cryptographic compliance standards, binance The Sanctions Team will ensure that the team is responsible for money laundering reporting, compliance operations, and internal and external to Binance. cipher industry.
According to the press release, the training program, a mandatory process, will provide Binance’s sanctions team with the latest OFAC guidelines on developing a sanctions compliance program. ACSS also helps teams stay abreast of sanctions orders and educates them about the risks of violations across multiple jurisdictions.
“Working closely with ACSS brings our sanctions compliance standards to a level recognized by reputable industry associations and provides our compliance team with opportunities to upskill.” We look forward to continuing to set the industry standard for security and compliance with other industry players.”
Binance’s expansion into various industries
In particular, this is the exchange’s One of many collaborations, securing partnerships with regulators and bodies. Over the past two years, the company has to date obtained regulatory licenses, registrations and approvals in a total of 14 jurisdictions, including France, Spain, Bahrain, Dubai and Australia.
Last month, crypto exchange set foot in japan Binance is on the list of countries with some degree of regulatory approval in Japan due to the deal to acquire Sakura Exchange BitCoin (SEBC), a Japanese crypto exchange regulated by the Japanese Financial Services Agency (FSA).
Not only that, exchanges have long been interested in investing. In December, the company’s venture capital, Binance Labs, made another mark on Web3 by revealing its next plans. Lead GoPlus Security funding roundWeb3 Security Startup.
Meanwhile, the exchange’s native tokens are also struggling to keep up with its flowering. BNB is currently trading at $248 at the time of writing, and he’s up more than 5% over the past seven days after weathering the horrible FUD until December.
