Crypto alternate OKX has appointed Jonathan Brockmeier, a former compliance officer at fintech agency Thunes, as its new Chief Compliance Officer.
OKX introduced the management change on April 24, confirming that Brockmeier is formally entering into the position. He replaces Vanessa Zhang, who’s departing the corporate, in line with OKX founder Star Xu.
Brockmeier beforehand helped set up the Americas Compliance Division at Singapore-based funds platform Thunes. He additionally held a compliance management position at international funds agency Zepz.
Commenting on the appointment, Xu said:
“Jonathan brings an distinctive observe file in international regulatory management, deep experience in monetary compliance, and a transparent imaginative and prescient for constructing a world-class compliance group. I’m assured his expertise and perspective will probably be instrumental as we enter our subsequent section of development and proceed setting the usual for belief, transparency, and accountability in our trade.”
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OKX’s new rent joins the corporate days after the alternate introduced its re-entry into america market.
The Seychelles-based alternate had beforehand exited the U.S. earlier than reaching a settlement with regulators. Now, OKX plans to function a U.S. entity headquartered in San Jose, California, rolling out entry to OKX U.S. and its native OKX Pockets in phases.
As Chief Compliance Officer, Brockmeier will oversee regulatory compliance, danger administration, governance, and assist navigate OKX’s broader market enlargement.
“At OKX, we view compliance as not only a necessity — however a core a part of how we function and innovate responsibly. With Jonathan on board, I’m assured we’ll proceed to steer by instance, strengthen our international relationships with regulators, and reinforce the integrity of all the things we construct,” Star famous.
Earlier this month, Malta’s monetary regulator ordered OKX to pay €1.1 million nice over non-compliance with the nation’s anti-money laundering tips.
In March, the Thai Securities and Trade Fee filed a criticism towards the alternate, alleging OKX violated the legislation by working with out a license.
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