Binance, the world’s largest cryptocurrency exchange, expects to pay monetary penalties to settle existing US regulatory and law-enforcement investigations of its business, the firm’s chief strategy officer said in an interview.

Binance grew quickly and began as a business powered by software engineers unfamiliar with laws and rules written to address the risk of bribery and corruption, money laundering, and economic sanctions, Patrick Hillmann said. The company has been working to fill gaps in its early compliance efforts, he said, but still expects regulators will impose fines for past conduct.