Binance Joins Crypto Compliance Organization ACSS

The global blockchain ecosystem that supports the biggest digital asset exchange in the world, Binance, today announced that it has joined the Association of Certified Sanctions Specialists (ACSS), the only group in the world bringing sanctions compliance experts together.

The 2018-founded ACSS offers its members top-notch education and perks. The first cryptocurrency exchange to formally join the group is Binance.

For the purpose of advancing the knowledge and abilities of its workforce, Binance will make use of the training resources, extensive databases, and extensive networks offered by ACSS. As part of the certification process, training with ACSS will be required of all compliance experts on the sanctions team as well as leaders for money laundering reporting, compliance operations, and special investigations at Binance.

The required training sessions will be essential for providing Binance’s sanctions team with the most recent OFAC rules for creating programs to comply with penalties. Additionally, ACSS will make sure the team is up to date on sanctions directives and is aware of the potential repercussions of infractions across several countries.