Crypto Exchange HBUS hire Ex-PwC, as Compliance Officer

Crypto Exchange HBUS hire Ex-PwC, as Compliance Officer

Crypto Market
October 16, 2018 by XNews Editor 2
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HBUS,  the official U.S.-based “strategic partner” of  Huobi, the sixth largest crypto exchange , has hired a former high-ranking official from the financial services sector, after Gemini and Binance, HBUS revealed that Megan Monroe-Coleman, an ex-PwC and Intuit executive, had joined the company as Chief Compliance Officer (CCO).HBUS mentioned this in a press release shared with Coin telegraph on Oct. 11. HBUS
Compliance

HBUS,  the official U.S.-based “strategic partner” of  Huobi, the sixth largest crypto exchange , has hired a former high-ranking official from the financial services sector, after Gemini and Binance, HBUS revealed that Megan Monroe-Coleman, an ex-PwC and Intuit executive, had joined the company as Chief Compliance Officer (CCO).HBUS mentioned this in a press release shared with Coin telegraph on Oct. 11.

HBUS CEO Frank Fu explained in a post.
Megan Monroe-Coleman formerly worked at PwC an auditing and accounting firm for nearly eight years until July 2016. She holds the manager position at the PricewaterhouseCoopers Los Angeles and San Francisco’s offices for over 5years. She designed and executed audit programs to understand how PwC clients followed US Securities and Exchange Commission (SEC) regulatory rules.

 After PwC, Coleman worked for more than two years  for financial software giant Intuit. Firstly, she was CCO at Intuit’s web-based financial management service Mint, which currently has more than 20 million clients. At Mint, Monroe-Coleman was responsible for executing real-time anti-money laundering (AML) and know-your-customer (KYC) procedures for the firm’s pay bill product.

Based on the report, Monroe-Coleman has spent over 15 years in the compliance sector. At Intuit, she has spent and have developed and implemented the anti-money-laundering (AML) compliance programs for Mint, and have directed the money transmission licensing strategy for Intuit’s regulated payments products.

Monroe-Coleman explained at her LinkedIn account. 

“Responsible for all aspects of Mint product compliance including PCI, state licensing and examinations, AML under the BSA, UDAAP and Privacy. Major accomplishments in this role include the successful implementation of bill pay in Mint compliant with all State and Federal regulations and creating a culture of compliance across Mint”.

Monroe-Coleman’s statement highlights that she is compliance professional in an industry that does not always embrace regulation. However, she emphasized the firm to ensure its operations were safe and secure in a complete compliant way.

As it vies with rival crypto exchanges Binance and OKEx, Huobi has been actively spreading its investment products and services and going worldwide. Along with the HBUS, the firm has recently bought a majority stake in Japanese FSA- crypto exchange BitTrade, acquiring a control in Hong Kong exchange.

In the beginning of this year, Huobi launched a South Korean subsidiary, and opened an office in London, with over-the-counter (OTC) trading tests slated to begin in Q3 this year.

Based on the report, Huobi has gained $415.3 million in trades within 24 hours, HBUS has seen around $1.5 million over the same period.

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