Crypto trade OKX has appointed Jonathan Brockmeier, a former compliance officer at fintech agency Thunes, as its new Chief Compliance Officer.
OKX introduced the management change on April 24, confirming that Brockmeier is formally moving into the function. He replaces Vanessa Zhang, who’s departing the corporate, in keeping with OKX founder Star Xu.
Brockmeier beforehand helped set up the Americas Compliance Division at Singapore-based funds platform Thunes. He additionally held a compliance management function at world funds agency Zepz.
Commenting on the appointment, Xu acknowledged:
“Jonathan brings an distinctive monitor document in world regulatory management, deep experience in monetary compliance, and a transparent imaginative and prescient for constructing a world-class compliance group. I’m assured his expertise and perspective shall be instrumental as we enter our subsequent part of progress and proceed setting the usual for belief, transparency, and accountability in our business.”
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OKX’s new rent joins the corporate days after the trade introduced its re-entry into the US market.
The Seychelles-based trade had beforehand exited the U.S. earlier than reaching a settlement with regulators. Now, OKX plans to function a U.S. entity headquartered in San Jose, California, rolling out entry to OKX U.S. and its native OKX Pockets in phases.
As Chief Compliance Officer, Brockmeier will oversee regulatory compliance, threat administration, governance, and assist navigate OKX’s broader market enlargement.
“At OKX, we view compliance as not only a necessity — however a core a part of how we function and innovate responsibly. With Jonathan on board, I’m assured we’ll proceed to steer by instance, strengthen our world relationships with regulators, and reinforce the integrity of every little thing we construct,” Star famous.
Earlier this month, Malta’s monetary regulator ordered OKX to pay €1.1 million effective over non-compliance with the nation’s anti-money laundering tips.
In March, the Thai Securities and Alternate Fee filed a criticism towards the trade, alleging OKX violated the legislation by working and not using a license.
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