Certified cryptocurrency custodian BitGo has employed Coinbase’s former chief compliance officer to steer its compliance and anti-money laundering
Certified cryptocurrency custodian BitGo has employed Coinbase’s former chief compliance officer to steer its compliance and anti-money laundering packages.
Jeff Horowitz led Coinbase’s world compliance program earlier than leaving in October. Previous to Coinbase, he spent 12 years with Pershing, a clearing home owned by BNY Mellon.
Horowitz was additionally co-chair of the Securities Business and Monetary Markets Affiliation Anti-Cash Laundering Committee. He started his profession as a regulator with the Federal Deposit Insurance coverage Company (FDIC).
“Banks and institutional buyers are searching for a regulated and impartial custody answer supplier to securely retailer their crypto,” Horowitz informed CoinDesk in an e-mail. “Bankers need to know {that a} crypto custodian is assembly the identical requirements of safety and compliance that Banks and Belief Corporations are topic to at the moment.”