Home / Cryptocurrency Daily Price Analysis / Crypto Exchange Huobi’s ‘Strategic Partner’ HBUS Hires Ex-PWC and Intuit Compliance Director as CCO

Crypto Exchange Huobi’s ‘Strategic Partner’ HBUS Hires Ex-PWC and Intuit Compliance Director as CCO

HBUS, the U.S.-based “strategic partner” of sixth largest crypto change Huobi, has employed a brand new Chief Compliance Officer (CCO). The corporate has published this in a press free up shared with Cointelegraph Oct. 11.

The new CCO, Megan Monroe-Coleman, used to be previously MTL Compliance Officer at U.S. device large Intuit, following the corporate’s acquisition of monetary device company Mint, the place Monroe-Coleman had additionally served as a compliance officer.

Before her paintings at Intuit, she labored over seven years at “Big Four” auditor PricewaterhouseCoopers (PwC), 5 years of which she spent as compliance director, consistent with her LinkedIn profile.  

According to the clicking free up, Monroe-Coleman has spent over 15 years within the compliance sector in overall, with a focal point on fintech and monetary services and products. At Intuit, she is alleged to have evolved and applied the anti-money-laundering (AML) compliance techniques for Mint, and to have directed the cash transmission licensing technique for Intuit’s regulated bills merchandise.

Monroe-Coleman’s remark emphasised that she is “a compliance professional in an industry that does not always embrace regulation.” However, she emphasised the company would ensure that its operations have been “safe and secure” for crypto buying and selling in a “fully compliant” means.

As in the past reported, HBUS is headquartered in San Francisco, and used to be established by way of Huobi as its “strategic partner” U.S.-based virtual property market this June.

As it vies with rival crypto exchanges Binance and OKEx, Huobi has been actively diversifying its funding merchandise and services and products and increasing international. Alongside the HBUS challenge, the company has lately bought a majority stake in Japanese FSA-licensed crypto change BitTrade, as smartly as acquiring a controlling stake in Hong Kong change publicly-listed Pantronics Holdings this September.

Earlier this yr, Huobi launched a South Korean subsidiary, and opened an place of business in London, with over the counter (OTC) buying and selling assessments slated to start in Q3 this yr.

Huobi has observed $415.three million in trades over the 24 hours to press time, consistent with CoinMarketCap: HBUS has observed round $1.five million over the similar length.

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