Binance Takes Major Leap in Sanctions Compliance Efforts

Binance, the world's largest crypto exchange, has made significant strides in reducing its sanctions exposure. Since 2024, the company has dropped its sanctions-related transaction exposure by a whopping 96.8%, according to its February 2026 compliance update. This dramatic reduction is a testament to Binance's efforts to improve its regulatory controls and address concerns raised by critics.

The exchange has invested heavily in hiring compliance specialists, with over 1,500 now on board. This represents a significant increase from the 400 compliance specialists Binance had just two years ago. The company's Chief Compliance Officer, Noah Perlman, emphasized the importance of investing in staff training, stating that 'compliance isn't just about technology.'

Binance has also partnered with Chainalysis to enhance its blockchain monitoring capabilities. This partnership is expected to cost millions but appears to be paying off, with the exchange reporting a significant reduction in sanctions exposure.