Circle Hires Mandeep Walia as Chief Compliance and Risk Officer

Rick Steves

He is largely credited for building a comprehensive compliance and risk framework for blockchain-based payment systems.

Circle has announced the appointment of Mandeep Walia as Chief Compliance and Risk Officer as the blockchain-powered payments and treasury infrastructure enhances its commitment to financial crime compliance, anti-money laundering (AML), countering the financing of terrorism (CFT), and other financial integrity activities.

Mr. Walia joins Circle from Facebook Financial’s Novi, where he was the Chief Compliance Officer and Head of Enterprise Risk Management.

His extensive career in global financial compliance and risk management at leading organizations includes being at the center stage of the blockchain revolution. He is largely credited for building a comprehensive compliance and risk framework for blockchain-based payment systems.

Prior to Novi, Mandeep Walia served as the Chief Risk and Compliance Officer for LendUp and as a Senior Director of Global Risk and Compliance for PayPal, among senior leadership roles in other global financial institutions.

Jeremy Allaire, Circle’s Co-Founder and CEO, said: “Mandeep is widely recognized as one of the pioneers in enhancing global compliance standards for blockchain-based financial services.

“A key part of Circle’s mission of raising global economic prosperity through programmable internet commerce requires an exacting approach to compliance and risk management that not only advances our business, but that advances our industry. Mandeep is precisely such a leader and his unique skills, knowledge of global compliance and emerging technology make him a unique addition to our leadership team.”

Mandeep Walia, Circle’s incoming Chief Compliance and Risk Officer, commented: “Circle, along with the meteoric growth of USDC as the most trusted dollar digital currency in circulation, have demonstrated that compliance and open, internet-level financial systems are not at odds with high standards of compliance.

“I look forward to joining an incredible team of leaders at an exciting time in the industry where new standards are emerging in harmonizing compliance standards around the world.”

Circle hired Dante Disparte as Chief Strategy Officer in April

Circle has recently appointed Dante Disparte as Chief Strategy Officer and Head of Global Policy to help drive global strategy for Circle, and manage and lead global initiatives to help shape policy and engage and collaborate with industry and public sector leaders around the world.

Described as prolific, he brings decades of experience working on complex global financial and risk issues. Most recently, Disparte was Executive Vice President at Diem Association,  Facebook’s digital currency project.

There, he led engagement and communications with government and financial industry leaders around the world on the issues and opportunities presented by stablecoins and digital currency.

Disparte is Founder, Chairman and CEO of Risk Cooperative, a coverholder at Lloyd’s, which is a strategic risk advisory and insurance brokerage firm licensed to originate, place and service innovative risk-transfer and insurance solutions.

Circle is responsible for the creation and development of USDC, one of the fastest-growing dollar digital currency in the world. The firm has grown to keep pace with the popularity of the stablecoin as thousands of companies now depend on Circle services to power digital dollar markets, payments, savings, lending, content and commerce applications.

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