Overview

• Binance announced SB Seker as Head of Asia-Pacific on September 1 with a mandate to oversee operations, shape compliance strategy, and engage regulators across the region.
• Seker brings more than two decades of legal and regulatory experience, including roles at Crypto.com, the Monetary Authority of Singapore, and earlier work as a litigator in Australia.
• In late August, AUSTRAC ordered an independent audit of Binance Australia after flagging narrow prior reviews, high compliance staff turnover, insufficient local resources, and weak senior oversight.
• Binance Australia was given 28 days to propose a panel of external auditors for AUSTRAC to select, with no public update yet on the chosen auditor or audit findings.
• Industry commentators say the appointment signals a push to reinforce compliance and reassure APAC regulators, while CEO Richard Teng describes the region as a priority for the company’s next phase of growth.