Binance, the world’s largest crypto exchange, has named SB Seker as its new Head of Asia-Pacific (APAC). This strategic appointment comes as the company faces increasing regulatory scrutiny in the region, particularly in Australia.
Just two weeks prior, AUSTRAC, Australia’s financial intelligence agency, ordered an independent audit of Binance Australia, citing “serious concerns” about its anti-money laundering (AML) controls. Industry experts view Seker’s appointment as a timely and deliberate move to address these compliance challenges.
Seker brings over two decades of experience in law and finance, including roles as a central banking lawyer at the Monetary Authority of Singapore and, most recently, as a Senior Vice President at Crypto.com Group. Experts believe his background in strengthening compliance frameworks will be crucial for Binance.
The new role will involve overseeing regional operations, driving market adoption, and engaging with policymakers. While the AUSTRAC audit is a serious step, experts suggest that Seker’s hiring indicates that Binance is committed to cooperating with regulators and improving its compliance standards. The outcome of the audit could lead to various actions, from a requirement to fix its systems to a potential suspension of its registration.
September 2025, Cryptoniteuae
