BitGo Hires Ex-Coinbase CCO
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13 January
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BitGo, a cryptocurrency-focused custodian, has appointed Jeff Horowitz as Chief Compliance Officer (CCO). According to an official press release, Horowitz will rule BitGo’s Compliance and AML programs across the entire enterprise to meet standards of compliance and regulatory requirements.

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Prior to BitGo, Horowitz worked as the CCO for Coinbase, where he managed regulatory and bank partner relationships. He also spent more than 12 years with Pershing in various leadership roles. BitGo CEO, Mike Belshe, says Horowitz will help the company to gain "even greater traction into new markets" and expand its product offerings.

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Horowitz's appointment comes after BitGo agreed to pay $98,830 to settle violations of multiple sanctions programs. According to the US Department of the Treasury, BitGo "failed to prevent" persons located in sanctioned jurisdictions from using its non-custodial digital wallet management service.

The watchdog claims BitGo "had reason to know" that users were located in sanctioned jurisdictions based on their IP addresses.

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