OAX: Strengthening our compliance function


This week Ivan Wong joined the team as Senior Vice President, Money Laundering Reporting Officer. Compliance with anti-money laundering (AML) regulations is a crucial part of any business operating in financial services, and particularly so in the fast-evolving digital asset industry.

As you’ll all be aware, regulations differ in every jurisdiction and are updated regularly, so it’s critical that an organization like ours remains on top of the latest developments. Strict compliance controls also form a cornerstone of the platform we’re developing — we want to promote the strongest governance standards to help drive adoption of the OAX platform and trust in the system overall.

Ivan will be helping us do just that. He joins from China Merchants Asset Management (Hong Kong) Co., Ltd, where he was Senior Compliance Manager — Legal and Compliance. He’s also worked for both local and international banks, including Kookmin Bank, South Korea’s leading commercial bank. In these roles, he’s run compliance and AML functions, leading teams and setting up policies as well as advising on banking licences. Ivan is also well used to dealing with regulators on a wide range of issues.

He’ll be bringing all this experience to our work at the OAX Foundation, strengthening our compliance function and helping us set a standard for the industry to follow. We’re already building a reputation for our understanding of the regulatory environment for digital assets, as shown by our General Counsel Paul’s speech last week to the Law Society of Hong Kong [insert link to blog post]. With Ivan as part of the team, we’re now even better positioned to help take our industry forwards.

Original article was created by: OAX at medium.com

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency or ICO.

Interested in Cryptocurrencies and ICO's?

Follow our telegram channel for daily cryptomarket reports!

Join @cointrends

Related Articles

pubDate Newsline
1 week ago From Hive Project to Hiveterminal: The New Brand Unveiled!
1 week ago Invoice discounting for capital and labour-intense businesses

Stay on top of Altcoins and ICO trends.

Subscribe to our free Weekly Cryptomarket report

Delivered once a week, strongly to your inbox.

Subscribe to our mailing list
October 05, 2018

Cryptocurrencies and Blockchain — the Bigger Picture

Cryptocurrencies and Blockchain — the Bigger PictureIn the first of a three part series examining the current state and future direction of cryptocurrencies, our General Manager, Amanda Liu, takes a look at the bigger economic picture for crypto projects.By Amanda Liu, General Manager,...

From: OAX
September 28, 2018

Engaging the Wider Financial Community

Over the past months OAX Foundation participated in a couple of major events targeting the Hong Kong blockchain community. This week we decided to change things up and focus on promoting the project to the city’s wider financial and professional community. Those of you who have been following...

From: OAX
September 18, 2018

TL;DR Atomic swaps, cross chain swaps, on chain, off chain

By Wayland Chan, Technology Director, OAX FoundationLike any specialized industry, the world of cryptocurrency trading is full of jargon and acronyms. At OAX, while we try to make our communications as easy to understand as possible, there are times when you just can’t avoid technical terms....

From: OAX
September 10, 2018

Our Saturday with Vitalik

The OAX booth at ETHISBy OAX Marketing TeamOn Saturday the OAX Foundation team was out promoting the project at another big industry event in Hong Kong. Ethereum Industry Summit (ETHIS) is a global conference that aims to promote communication and cooperation between different Ethereum...

From: OAX
September 07, 2018

Our Top Tips for Staying Secure

“Buyer beware!”This adage is well known to investors in stock markets, but it’s worth bearing in mind in life generally — and especially when doing anything online. Scams have evolved fast to embrace digital, and unfortunately as a result we’re seeing increasing levels of fraud...

From: OAX
August 31, 2018

A Day with a VIP Discussing Our “Awesome” Work

From right to left facing the camera: Dr Patrick McCorry; Enuma Technologies Co-founders Antoine Cote (middle in black t-shirt) and Lionello Lunesu. With back to camera: Mathis Antony, Software Design Engineer at Enuma (in red t-shirt); Wayland Chan, Technology Director at OAX Foundation. Not in...

From: OAX
Upcoming ICO's
This week overview
Token Name Starts
Spotcoin (SPOT) logo Spotcoin (SPOT) 1 days
CoTrader (COT) logo CoTrader (COT) 2 days
Bountie (BNTE) logo Bountie (BNTE) 5 days
Cryptocurrency rates
*Last hour average price&change
Coin Name Price Hour
Bitcoin logo BTC $6502.21480443 0.43%
Ethereum logo ETH $205.350773842 0.56%
Ripple logo XRP $0.4563620815 0.5%
Bitcoin Cash logo BCH $449.32623853 0.7%
EOS logo EOS $5.4301806911 0.67%
Stellar logo XLM $0.2427609829 1.51%
Litecoin logo LTC $52.8864557997 0.6%
Tether logo USDT $0.982817263 0.26%
Cardano logo ADA $0.0759604767 0.85%
Monero logo XMR $105.126607859 0.42%
Tronix logo TRX $0.0241271673 0.39%
IOTA logo IOT $0.4942538851 0.79%