Binance has recruited Antonio Alvarez from Crypto.com, who will serve as deputy chief compliance officer under Noah Perlman, according to Bloomberg. A second executive, identified as DeVille, has also joined Binance as global head of financial crime compliance.
Alvarez held the chief compliance officer role at Crypto.com before the move. Binance faces ongoing regulatory scrutiny in multiple jurisdictions. Perlman, who leads Binance's compliance function globally, now has two senior deputies reporting to him where the structure had been leaner.
Crypto.com has weathered its own compliance challenges in recent years, including a 2023 settlement with U.S. regulators over anti-money-laundering failures that cost the exchange $100 million. Alvarez's departure comes after that enforcement action. The departures add to a pattern of senior talent mobility between major exchanges as the sector rebuilds its regulatory operations.
Binance itself has operated under heightened compliance demands since its 2023 settlement with the U.S. Department of Justice, which required the exchange to implement specific controls and monitoring systems. The addition of Alvarez and DeVille expands the personnel dedicated to those requirements.
Neither Binance nor Crypto.com immediately responded to requests for additional detail on the moves or the executives' specific mandates. Alvarez's appointment as deputy rather than chief means Perlman retains final authority over compliance strategy. The two-tier senior structure may distribute responsibility for different regional or functional oversight areas.
Binance has hired roughly a dozen senior compliance officers and risk executives over the past 18 months as it integrates its 2023 settlement obligations into permanent organizational infrastructure. Crypto.com has lost two senior compliance figures within the same cycle, leaving that exchange with a smaller roster of compliance leadership relative to its 2022 headcount. If DeVille assumes responsibility for financial crime specifically, that division of labor from Perlman's broader compliance authority mirrors the organizational pattern at other major venues where anti-money-laundering compliance has become a separate senior role from market integrity and conduct oversight.
