The Organized Crime and Triad Bureau (OCTB) of the Hong Kong Police invited Binance to a sharing session on June 27, an invitation that highlights Binance’s promotion of security and compliance in digital finance. Binance made the announcement in a July 2 news release.
According to Binance, the sharing session is a "significant milestone" for the company. Through its participation in initiatives like this one, the company "aims to contribute to a safer digital environment and enhance law enforcement officials’ knowledge and skills required to combat financial crime online," according to the July 2 blog post.
Last year, Binance organized and engaged in 120 online and offline law enforcement training sessions around the world. This year, the company was invited to join the Hong Kong International Symposium on Cyber Policing and Virtual Asset Investigation Course organized by the Cyber Security and Technology Crime Bureau, according to the July 2 blog post.
"We are deeply grateful for the invitation from the OCTB. By deepening our cooperation with the global law enforcement community, Binance is able to further its commitment to protect users and build a secure online financial environment. We will continue to be at the forefront of combating financial crime," said Carlos Mak, a specialist from Binance’s investigations team in the July 2 blog post.
Binance is described as the world’s leading blockchain ecosystem. It has an average daily volume of $65 billion and had 300 billion spot transactions in 2022, according to the company’s About page. The company offers a cryptocurrency exchange, an open-access learning hub, a nonprofit organization, research services, an official NFT marketplace, and Binance Square.