New CCO brings three a long time of economic companies expertise
SAN FRANCISCO, January 24, 2023–(BUSINESS WIRE)–Kraken, one of many world’s largest and most-trusted crypto platforms, at the moment introduced the appointment of CJ Rinaldi as Chief Compliance Officer. CJ’s a long time of expertise, each in conventional and decentralized finance, will additional strengthen Kraken’s compliance program amid a fast-evolving regulatory panorama.
“To speed up the adoption of cryptocurrencies all over the world, Kraken should proceed to navigate an more and more advanced regulatory panorama,” stated Kraken’s incoming CEO David Ripley. “CJ’s spectacular worldwide profession in each the non-public and public sectors positions us for continued success in assembly world compliance wants.”
CJ was beforehand Chief Compliance Officer at Blockchain.com, the place he was tasked with constructing out world compliance frameworks and mitigating compliance threat for the agency. Previous to that, CJ had a number of roles at Deutsche Financial institution, together with Chief Compliance Officer for its swap supplier and US dealer supplier. He additionally served as Head of Enterprise Line Anti-Monetary Crimes Compliance supporting its funding financial institution, the place he led a worldwide crew tasked with mitigating monetary crime threat, implementing procedures and controls via efficient and environment friendly operational options.
“Kraken’s dedication to safety and transparency whereas constructing world class services and products makes it the gold commonplace in an business that’s shaping the way forward for finance. It’s trusted gamers like Kraken that can assist make sure the crypto ecosystem operates inside all regulatory frameworks” says Rinaldi. “I’m excited to develop Kraken’s data-driven strategy to compliance, guaranteeing the safety of each the corporate and its shoppers.”
Previous to Deutsche Financial institution, CJ labored at UBS Funding Financial institution in a number of roles, together with as World Head of Shopper Infrastructure. He additionally served as Senior Counsel within the Enforcement Division of the U.S. Securities and Trade Fee.
Kraken is likely one of the world’s longest-standing digital asset platforms. Globally, Kraken shoppers commerce greater than 200 digital belongings and eight totally different nationwide currencies, together with GBP, EUR, USD, CAD, JPY, CHF, AUD and AED.
Kraken was based in 2011 and was one of many first exchanges to supply spot buying and selling with margin, parachain auctions, staking, regulated derivatives and index companies. In 2022, it launched a custodial NFT market. Kraken is trusted by over 9 million merchants and establishments all over the world and affords skilled, round the clock on-line help. Kraken was the primary firm to have ever performed a Proof of Reserves audit and has since dedicated to present process Proof of Reserves frequently.
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