Key Points:
- Binance is actively improving its compliance framework, addressing past issues, and enhancing current processes under the leadership of CCO Noah Perlman.
- Binance exec Tigran Gambaryan was detained in Nigeria in February 2024 on charges of money laundering and tax evasion.
- U.S. Representatives have introduced a resolution calling for Gambaryan’s immediate release.
Noah Perlman, Binance’s Chief Compliance Officer, has emphasized the company’s dedication to evolving its compliance framework.
Read more: Binance Executive Gambaryan Objects to Court Charges, Returns To Jail Waiting for Next Trial
Binance Exec Tigran Gambaryan’s Detention in Nigeria and Health Crisis
Binance is addressing past issues, adhering to its comprehensive compliance plan, and constantly enhancing its processes. Perlman highlighted the company’s ongoing efforts to secure the release of Binance exec Tigran Gambaryan, a key figure in the exchange’s compliance team.
Binance exec Tigran Gambaryan’s team played a crucial role in assisting global law enforcement in seizing over $2.2 billion in assets, including $285 million in cooperation with U.S. agencies such as the FBI, DOJ, and DEA.
However, his situation took a dramatic turn in February 2024 when he was detained by Nigerian authorities during a regulatory visit. Charged with money laundering, tax evasion, and interference with the naira’s value, Gambaryan has faced severe conditions, including inadequate medical care for malaria contracted while in detention.
U.S. Representatives Call for Immediate Release of Tigran Gambaryan
Despite a court order mandating his release in March 2024, Gambaryan was transferred to Kuje Prison, known for its harsh conditions. His health has deteriorated significantly, and he has struggled to receive proper medical treatment. Binance remains steadfast in advocating for his release, emphasizing his innocence and the lack of substantial evidence against him.
On July 10, 2024, U.S. Representatives Rich McCormick and French Hill introduced a resolution calling for Gambaryan’s immediate release. The resolution details his significant contributions to financial crime compliance and the alarming circumstances of his detention. Despite legal irregularities and ongoing advocacy, Gambaryan’s situation remains critical, with continuous efforts from Binance and U.S. officials to secure his freedom.
