Share this article
Binance Hires Former IRS Special Agent to Head Suspicious Activity Reporting
The hire is the latest in a series of appointments at Binance as the crypto exchange tightens up on regulatory compliance while tackling fraud and criminal activity.
Updated May 11, 2023, 5:51 p.m. Published Nov 5, 2021, 11:15 a.m.
Binance has hired a veteran financial criminal investigation agent to head up suspicious activity reporting as it continues to strengthen its regulatory compliance front.
- Amjad Qaqish, a former criminal investigation special agent at the U.S. Internal Revenue Service (IRS), was named Binance’s director of global suspicious activity reporting Friday.
- During his 30 years with the tax authority, Qaqish worked on cases relating to fraud, tax evasion, money laundering and terrorism financing, including those involving crypto.
- His role will involve monitoring suspicious activity to prevent “bad actors misusing the cryptocurrency markets,” Binance said.
- The hire is the latest of a series of appointments as the largest crypto exchange tightens up on regulatory compliance while tackling fraud and other criminal activity.
- Last month, Binance hired Mark McGinness, the former head of international relations at the Dubai Financial Services Authority, as its first chief regulatory liaison officer.
Read more: Binance Is Investigating Squid Game Token, Considers It a Scam
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Read more: Binance Temporarily Disables All Crypto Withdrawals, Cites Backlog
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
