This podcast episode delves into the complexities of Binance's compliance monitorship, exploring its implications for the crypto industry and its broader impact on illicit finance and national security. The discussion covers key aspects such as the significance of independent monitoring, regulatory standards, selection criteria, and the intricacies of SAR lookback operations. Experts provide insights into the challenges and pitfalls of compliance monitorships, emphasizing cooperation, alignment between policies and practices, and the need for comprehensive regulation.