Crypto trade 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 getting into the position. He replaces Vanessa Zhang, who’s departing the corporate, based on 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 acknowledged:
“Jonathan brings an distinctive monitor report 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 part of progress 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 trade introduced its re-entry into the US market.
The Seychelles-based trade 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, threat administration, governance, and assist navigate OKX’s broader market growth.
“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 guide by instance, strengthen our international relationships with regulators, and reinforce the integrity of every thing we construct,” Star famous.
Earlier this month, Malta’s monetary regulator ordered OKX to pay €1.1 million high quality over non-compliance with the nation’s anti-money laundering tips.
In March, the Thai Securities and Alternate Fee filed a grievance towards the trade, alleging OKX violated the regulation by working with no license.
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