BitMEX Exchange Hires Compliance Chief After US Charges

Oct 12, 2020 at 09:40 UTCUpdated Oct 12, 2020 at 13:39 UTC.BitMEX, the cryptocurrency derivatives exchange recently charged by U.S. authorities, has hired an industry veteran to lead its compliance efforts going forward.

In a blog post Monday, the exchange's operator 100x announced Malcolm Wright will come aboard as chief compliance officer for the group.

Wright comes with 30 years of experience in compliance and anti-money laundering, per the post.

He currently chairs the Advisory Council and AML Working Group at Global Digital Finance, as well as being a speaker on topics including the Financial Action Tasks Force's international guidance for regulators around virtual asset service providers.

According to his LinkedIn profile, Wright is also an associate fellow of the Centre for Financial Crime and Security Studies at the U.K.'s Royal United Services Institute, a body working to address financial crimes.

The hiring of the compliance chief would seem to be the latest reaction to the charges, and an effort to avoid similar situations in future.

100x told CoinDesk the "Compliance function" of the group was previously led by Khoo.Disclosure.