Binance has appointed SB Seker as its new Head of Asia-Pacific, bringing over 20 years of legal and regulatory experience. This move comes shortly after AUSTRAC mandated Binance Australia to conduct an independent audit due to serious concerns over its anti-money laundering controls. Industry experts view Seker’s appointment as a strategic reinforcement of Binance’s compliance strategy amid regulatory scrutiny. Seker has a background in law and was most recently Senior Vice President at Crypto.com, dealing with regulatory matters. His new role will involve overseeing regional operations and enhancing policy engagement. Analysts stress that AUSTRAC’s actions highlight the need for crypto exchanges to meet the same compliance standards as traditional financial institutions, setting a precedent for the broader industry. Seker's expertise is expected to facilitate improved cooperation with regulatory bodies as Binance strives to strengthen its compliance frameworks in the APAC region.

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