Cryptocurrency exchange Binance has hired a sometime Us Internal Acquirement Service amanuensis to head its new intelligence partitioning, a strong indication that the company is looking to bolster its compliance resource.

Tigran Gambaryan joins Binance equally vice president of global intelligence and investigations, the visitor announced Thursday. Binance is Gambaryan's first private-sector employer since he joined the IRS every bit a special agent in September 2022.

During his time at the IRS, Gambaryan investigated cases involving national security, terrorism financing, tax evasion and identity theft. He was likewise involved in the investigation of Silk Road, a dark spider web marketplace that facilitated some of the primeval cryptocurrency transactions. Silk Road was shut down past the FBI in Oct 2022, with founder Ross Ulbricht arrested and eventually sentenced to a double life sentence plus 40 years with no possibility of parole.

At Binance, Gambaryan will exist tasked with conducting internal and external investigations "to forestall threats and fiscal losses." The audit and investigations team volition also work closely with police force enforcement agencies and regulators.

Binance appears to be stepping up its compliance measures in response to regulatory upheaval from around the earth. The commutation has been forced to append operations and trading services in several markets, including Japan, the United Kingdom, Germany and the Canadian province of Ontario, for allegedly failing to comply with local licensing laws.

Related: Binance pushes dorsum against warning from South Africa regulator

More recently, Binance moved to block fiat deposits and spot crypto trading services in Singapore amid regulatory pressures. The substitution also ceased crypto futures and options in Australia.