Latest Update
9/4/2026 3:31:00 PM

Binance: Illicit Actors Shun Compliant Platforms

Binance: Illicit Actors Shun Compliant Platforms

Binance CEO Richard Teng states illicit actors avoid the exchange due to compliance investments and law enforcement cooperation on terrorist financing.

Source

Analysis

Binance CEO Richard Teng said illicit actors increasingly recognize that major compliant platforms like Binance offer no safe harbor, as the exchange prioritizes user protection and assists authorities in disrupting illicit finance through heavy spending on sanctions controls, transaction monitoring, and investigative tools while partnering globally to combat terrorist financing and financial crime.


Richard Teng

@_RichardTeng

Richard Teng is Binance CEO