Ripple Expands Its Services and Seeks Senior Specialist for Compliance
Ripple, the tech firm behind XRP, is actively searching for a Senior Specialist in Global Know Your Customer Due Diligence. This full-time position is based in the United States and aims to address the company’s compliance with Anti-Money Laundering (AML), Counter-Terrorist Financing, and Economic Sanctions regulations. Here are the key points:
– Ripple is hiring a Senior Specialist in Global Know Your Customer Due Diligence for its Compliance team.
– The new hire will be responsible for mitigating risks associated with institutional clients, corporate partners, and counterparties.
– Ripple is dedicated to strict compliance with AML, Counter-Terrorist Financing, and Economic Sanctions regulations.
– Despite earlier plans to exit the U.S. market, Ripple is now planning to expand further in the United States.
– Monica Long, a representative of Ripple in the U.S., expressed optimism about the company’s court triumph and its re-engagement with the U.S. market.
Furthermore, Ripple is expanding its global presence. The company recently obtained a working license in Singapore and aims to broaden its activities in the UK and Ireland. Here are the additional points:
– Ripple plans to obtain payment institution licenses from the UK’s Financial Conduct Authority and Ireland’s watchdog.
– Sendi Young, CEO of Ripple’s UK and Europe subsidiary, stated that the company has increased its headcount in the region by 75% in the past two years.
– Ripple is also venturing into the NFT realm, with Ducati announcing the launch of NFTs on the XRP ledger.
In conclusion, Ripple is actively seeking a Senior Specialist for compliance while simultaneously expanding its services and presence in the U.S. and beyond. The company’s dedication to regulatory compliance and its foray into new areas like NFTs demonstrate its commitment to innovation and growth.
Hot Take:
Ripple’s decision to hire a Senior Specialist for compliance indicates its proactive approach to mitigating risks and ensuring regulatory compliance. The company’s expansion plans and ventures into new markets and technologies further solidify its position as a key player in the crypto industry. With its recent successes and strategic moves, Ripple is poised for continued growth and success in the coming years.
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