Binance hires two compliance executives from Crypto.com under DPA

The deferred prosecution agreement stems from Binance's 2023 guilty plea to violations of sanctions and anti-money laundering laws. Under that deal, Binance must demonstrate ongoing compliance improvements to avoid prosecution on the original charges. Losing compliance personnel while operating under such an agreement had raised questions about the company's ability to meet its obligations.

Perlman's own hiring in 2023 was an early step in reshaping Binance's compliance posture. His background at Gemini, a US-regulated exchange known for a conservative approach to compliance, was intended to lend credibility to the reform effort. Bringing in Alvarez as his deputy and DeVille to lead financial crime compliance represents the next phase of that strategy.

Binance did not disclose the start dates for Alvarez and DeVille. The company said the two would report directly to Perlman.