Binance said that as the company continues to rapidly build its compliance department, it expects to have 645 full-time compliance employees by the end of this year, an increase of 34% from November last year. Including contractors, Binance already has more than 1,000 employees dedicated to compliance. In 2023, Binance increased its compliance spending by 36%. Binance's new corporate compliance director Todd McElduff will be responsible for the exchange's relationship with global law enforcement agencies. He previously led PayPal's global financial crime supervision department. Binance has also hired two special investigation experts-Céline Inial from France and Caner Akyürek from Turkey, both of whom have worked in law enforcement in their respective countries for nearly 20 years. (CoinDesk)