Digital funds large PayPal posted a brand new job itemizing on March 23, the place the corporate seeks to rent an Anti-Cash-Laundering (AML) and B
Digital funds large PayPal posted a brand new job itemizing on March 23, the place the corporate seeks to rent an Anti-Cash-Laundering (AML) and Blockchain Technique director for his or her World Monetary Crimes (GFC) division.
In keeping with the corporate, the brand new director —primarily based in New York — will likely be in command of evaluating blockchain’s use circumstances for the prevention of economic crimes, comparable to cash laundering and terrorist financing, to oversee all the AML course of.
The publish additionally detailed that the perfect profile should deal with blockchain-related alternatives for the corporate when it comes to strengthening the chance division of the corporate.
PayPal clarified that the position implies a daily evaluation of AML-related reporting to determine and oversee crucial tendencies inside a blockchain-related portfolio by deploying it in accordance with the corporate’s wants.
Broad cryptocurrencies and blockchain background required
PayPal requires that the particular person has beforehand held a place in a monetary agency leveraging blockchain know-how, with a deep understanding of cryptocurrency dangers, along with expertise in AML compliance or regulation enforcement.
It isn’t the primary time that the digital funds large has expressed an curiosity within the blockchain and cryptocurrencies surroundings.
PayPal’s curiosity within the crypto sphere
Cointelegraph reported on November 19, 2019, that PayPal had led a $4.2 million funding spherical for TRM Labs, which is a cryptocurrency administration platform.
PayPal’s CEO Dan Schulman revealed on November 20 of the identical 12 months that he owns Bitcoin (BTC) and highlighted its “very risky” nature:
“Till it turns into much less risky, it gained’t be a foreign money that’s broadly accepted by retailers on the net — not the darkish internet, however the internet.”