Noah Perlman, Chief Compliance Officer at Binance, said on YouTube that the company’s compliance teams are designed to raise issues continuously and that concerns are reviewed and escalated under a defined framework, adding that recent media reporting is untrue.
The comments come as Binance faces scrutiny following reports about staff dismissals related to compliance matters. Perlman addressed these claims directly, saying they misrepresent the company's internal practices.
"Let me be very clear about this: no one at Binance has ever been dismissed for raising compliance concerns... Our investigations teams surface issues constantly. That is their job. Those issues are reviewed, escalated, and acted upon in line with our framework... In cases referenced in media reporting, employee departures were tied to internal policy breaches and not the substance of investigative findings... A healthy compliance culture depends on trust—trust that concerns will be heard and trust that processes will be followed," Perlman said according to YouTube.
Binance says effective compliance is built on strong onboarding checks, advanced transaction monitoring, rapid detection and reporting, and close cooperation with law enforcement—an operating model it describes as central to protecting users at a global scale and improving industry standards through transparency about how its compliance work functions day to day according to the company. The company also reported that 2024 featured a deliberate push to strengthen compliance by adding senior leaders with deep experience in financial crime prevention, compliance governance, and special investigations—boosting both the "quantity and quality" of risk-and-compliance hiring. The company describes these hires as reinforcing its ability to operate across complex regulatory environments according to Binance.
In response to recent coverage by The Wall Street Journal regarding alleged staff dismissals over flagged transactions involving sanctioned entities in Iran, Binance Holdings Limited sent a letter dated Feb. 24, 2026 through law firm Withers Bergman LLP disputing the story. The letter argues the article is "false," "seriously misleading," and "defamatory," urging an immediate correction or retraction from WSJ as reported by Richard Teng.
According to Binance, in 2025 its teams supported authorities in confiscating more than $131 million linked to illicit activity, processed over 71,000 law-enforcement requests globally, and delivered more than 160 training sessions—highlighting a compliance model built around active collaboration with enforcement partners according to the company. Binance identifies Noah Perlman as its Global Chief Compliance Officer and has highlighted his focus on building a "culture of compliance" through stronger controls and clearer processes according to the company.
