Staff Writer | Business Insights Africa Magazine | Page 86

Friday, April 24, 2026

Home Authors Posts by Staff Writer

1688 POSTS 0 COMMENTS

Gadgets

Clickatell, a Global Leader in Chat Commerce, Secures $91 Million in...

Staff Writer - February 23, 2022

Gadgets

Meta launches Reels on Facebook and New Ways for Creators to...

Staff Writer - February 23, 2022

Gadgets

MTIBA PARTNERS WITH KENYA ASSOCIATION OF PRIVATE HOSPITALS (KAPH) TO BOOST...

Staff Writer - February 23, 2022

Feature

MarketForce raises $40M Series A to Scale Up the Super App...

Staff Writer - February 22, 2022

Feature

Absa Bank, AGF Unveil Ksh1.25 Billion Fund to Unlock Credit for...

Staff Writer - February 22, 2022

Feature

MKU lauds staff for excellent performance during COVID-19 period

Staff Writer - February 21, 2022

Gadgets

USIU-Africa introduces market-driven courses in contemporary technology and management sciences fields

Staff Writer - February 21, 2022

Gadgets

Court Judgement on VAT Regulations 2017, Affirm Tax Laws Need to...

Staff Writer - February 21, 2022

Gadgets

Sanlam Opens Entries for 2021 Financial Journalism Awards

Staff Writer - February 21, 2022

Gadgets

KEMSA maintains an above-average essential medicines supplies rate to support UHC...

Staff Writer - February 21, 2022

1...858687...169 Page 86 of 169

MOST POPULAR

EQUITY GROUP RANKED THE WORLD’S 2ND STRONGEST BANKING BRAND

March 13, 2024

Vertiv Ranked as Global Leader in Rapidly Evolving Data Center Cooling...

December 4, 2020

United Nations steps up protection for drought-hit women and girls

October 24, 2022

New winners crowned at the Safaricom Mombasa International Marathon

September 24, 2018

HOT NEWS

Main Story

The Smooth Disruptor

Lifestyle

Malware attacks in Africa are increasing, reaching 85 million in only...

Lifestyle

Chapa Dimba Na Safaricom Star Benson Ochieng Snapped Up By KPL...

With over 20 years of experience in the banking sector, Ngen’o holds a Bachelor of Commerce (Finance) degree from the University of Nairobi. In his new role, Ng’eno will be tasked with driving growth in the bank’s corporate banking segment, leveraging the Group’s scale and capabilities.

News

KCB names Peter Ng’eno new Corporate Banking Director

Ad

EDITOR PICKS

Binance (https://www.Binance.com), the world’s leading cryptocurrency exchange, highlights the progress it continues to make in strengthening compliance and regulatory excellence, reinforcing its role as a pioneer in building a safer and more transparent crypto industry. Over the past years, Binance has invested significantly in enhancing its global compliance framework by expanding its teams, systems and controls that align with evolving regulatory expectations across its key markets. These ongoing efforts are designed to support responsible innovation while ensuring that user protection, financial integrity and market transparency remain at the core of the platform’s operations. Leading with Robust Compliance Measures Binance has implemented a multi-layered compliance program that includes advanced transaction monitoring, stringent Know Your Customer (KYC) protocols, and continuous enhancements to its anti-money laundering (AML) systems. These efforts are designed to protect users, prevent illicit activities, and ensure adherence to evolving regulatory requirements across jurisdictions. Building the Future of Crypto with Advanced, Measurable Compliance Over the past several years, Binance has built one of the most robust compliance programs in the digital-asset industry, combining world-class talent, advanced monitoring technology, and strong partnerships with regulators, law-enforcement agencies, and independent analytics providers. These programs include rigorous onboarding and KYC controls, sophisticated transaction monitoring systems, sanctions screening, behavioral analytics, and a dedicated global compliance team of more than 580 professionals, supported by more than 970 employees in compliance-related roles across customer-service, technology, and product teams. The results of these efforts are measurable: Binance’s direct exposure to illicit activity has dropped by 96% between January 2023 and June 2025, while its capacity to detect, report, and help disrupt financial crime continues to grow. Specifically, sanctions-related exposure reduced dramatically and is now marginal (from 0.284% in January 2024 to just 0.009% in July 2025, a 96.8% decrease). This progress reflects daily collaboration with authorities, independent research, and the lived experience of serving over 300 million users safely, demonstrating how modern crypto compliance works in practice and underscoring Binance’s ongoing commitment to transparency, regulatory excellence, and a safer financial ecosystem. Noah Perlman, Binance Chief Compliance Officer, "At Binance we’ve built a system that doesn't just react to threats, it anticipates them. A 96% reduction in illicit exposure is a testament to our infrastructure and the 1,500+ professionals working behind the scenes to protect our 300M users." Driving Industry-Wide Standards Binance’s leadership team emphasizes that compliance is a shared responsibility and that the company actively engages with regulators, policymakers, and industry partners to foster a collaborative environment. This engagement helps shape balanced regulations that support innovation while safeguarding users and the broader financial system. Transparency and User Protection Transparency remains a cornerstone of Binance’s compliance philosophy. The company regularly publishes updates on its compliance initiatives and welcomes dialogue with the community and regulators. By maintaining high standards, Binance ensures that users can trade with confidence on a platform that prioritizes security and integrity. National Cybercrime Units Collaborations Binance responds to tens of thousands of law-enforcement requests each year. In 2025 alone, Binance responded to more than 71,000 law enforcement requests and assisted in confiscating over $130 million in illicit funds. Binance supports agencies such as Europol (https://apo-opa.co/4coJAx9), INTERPOL (https://apo-opa.co/4b0FCIt), the DEA, the NCA, Homeland Security Investigations, and multiple national cybercrime units. These collaborations have resulted in the takedown of ransomware groups, darknet markets, human-trafficking networks, and financial-fraud rings. The value of our work has been repeatedly recognized by our global law-enforcement partners. Richard Teng, Binance co-CEO, "Our mission has always been to increase the freedom of money, but that freedom is only sustainable if it is built on a foundation of trust. By integrating compliance into our product DNA, we are proving that the world’s largest exchange can also be the most secure." Binance remains committed to building a secure, transparent, and trusted platform through ongoing investment in compliance, strong global partnerships, and independently validated results. Since its launch in 2017, Binance has focused on protecting users and supporting the responsible growth of digital finance, with measurable progress recognised by law-enforcement agencies and regulatory stakeholders worldwide.

Binance Reinforces Industry-Leading Compliance Commitment to Foster a Safer Crypto Ecosystem

April 24, 2026

TECNO CAMON 50 Series: Redefining Professional Imaging through the Power of...

April 23, 2026

From Left: KCB Regional Business Manager, Moi Avenue Branch - Leah Choge, Joshua Ochieng (a parent) and Senior Business Development Manager, Personal Banking, Nelson Wanyonyi, cut a cake to commemorate the launch of KCB Under 18 Proposition at Garden City Mall, Nairobi.

KCB Bank Kenya Launches Under-18 Proposition to build A Savings Culture...

April 23, 2026

POPULAR POSTS

Third Africa Islamic Finance Forum Confirmed for Nigeria March 2018

March 23, 2018

EABL signs lease deal for office space in upcoming Garden City...

March 14, 2018

Facebook Introduces Messenger Rooms and More ways to connect

April 27, 2020