Binance has brought in fresh leadership for its Asia-Pacific operations as the exchange looks to strengthen oversight and rebuild relationships with regulators in one of its most important markets.<\/p>\n\n\n\n
On September 1, Binance announced the appointment of SB Seker<\/strong> as its new Head of APAC<\/strong>. Seker will oversee regional strategy, compliance, and regulatory engagement while driving business development across the region.<\/p>\n\n\n\n Seker comes with more than two decades of experience in global law and compliance. Before joining Binance, he served as Senior Vice President at Crypto.com<\/strong>, where he led product development, regulatory negotiations, and legal strategy across APAC and MENASA. His career also includes senior compliance roles at financial firms, a stint as a litigation lawyer in Australia<\/strong>, and time at the Monetary Authority of Singapore (MAS)<\/strong> as a central banking lawyer.<\/p>\n\n\n\n Binance CEO Richard Teng<\/strong> described APAC as a critical region for the company\u2019s global strategy, noting that Seker\u2019s extensive experience in its diverse markets makes him \u201cuniquely positioned\u201d to lead the next phase of growth and regulatory engagement.<\/p>\n\n\n\n In his own statement, Seker said he is eager to help shape a more compliant future for digital assets in the region. \u201cBy working closely with regulators, partners, and our community, I look forward to driving strategic initiatives and ensuring strong, reliable operations throughout APAC,\u201d<\/em> he added.<\/p>\n\n\n\n The appointment comes at a sensitive time for Binance, which has been under heavy scrutiny in Asia-Pacific. In late August, Australia\u2019s financial watchdog AUSTRAC<\/strong> ordered Binance\u2019s local arm to undergo a comprehensive audit<\/strong> after raising concerns about weak anti-money laundering (AML) and counter-terrorism financing (CTF) controls.<\/p>\n\n\n\n The regulator criticized Binance\u2019s earlier independent reviews as being too narrow and highlighted issues such as compliance staff turnover, inadequate resources, and weak senior oversight<\/strong> all flagged as unacceptable for a firm of its scale and risk profile.<\/p>\n\n\n\n Binance Australia was given 28 days to propose a panel of external auditors for AUSTRAC to approve. The audit will closely examine Binance\u2019s systems, policies, and controls, with findings reported directly to the regulator.<\/p>\n\n\n\n While Binance has yet to release an update on the audit process, the hiring of SB Seker sends a clear signal: the exchange is serious about tightening compliance and rebuilding regulatory trust in APAC. With a seasoned compliance professional now leading the charge, Binance hopes to demonstrate to regulators that it is ready to meet higher standards and operate responsibly across the region.<\/p>\n","protected":false},"excerpt":{"rendered":" Binance has brought in fresh leadership for its Asia-Pacific operations as the exchange looks to strengthen oversight and rebuild relationships with regulators in one of its most important markets. A New Leader for APAC On September 1, Binance announced the appointment of SB Seker as its new Head of APAC. Seker will oversee regional strategy,…<\/p>\n","protected":false},"author":3,"featured_media":11081,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[498,68,355],"class_list":["post-11056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-australia","tag-binance","tag-defi"],"yoast_head":"\nBinance CEO Welcomes the Appointment<\/h2>\n\n\n\n
The Regulatory Backdrop<\/h2>\n\n\n\n
Why It Matters<\/h2>\n\n\n\n