Huobi Partner’ HBUS Employs New CCO, a Former PWC and Intuit Compliance Director
Huobi’s United based “strategic partner”, HBUS, has announced it hired a new Chief Compliance Officer (CCO).
In a revelation by the firm on October 11, it was made known that the new CCO, Megan Monroe-Coleman, formerly worked as MTL Compliance Officer at U.S. software giant Intuit, after the company acquired Mint, a financial software company, where Monroe-Coleman previously worked as a compliance officer.
Prior to joining Intuit, Megan was worked for nothing less than even years at “Big Four” auditor PricewaterhouseCoopers (PwC). Of the years used at PwC, she used five years as compliance director, her LinkedIn profile pointed.
As contained in the release, the new CCO used more than 15 years in the compliance sector, focusing on fintech and financial services.
Working at Intuit, she gained and practiced the anti-money-laundering (AML) compliance protocol for Mint. There she also perfected and directed the money transmission licensing policy for Intuit’s regulated payments products.
Monroe-Coleman, going by her previous roles is “a compliance professional in an industry that does not always embrace regulation.” Meanwhile, she pointed that the company would make sure its deaking were “safe and secure” for crypto trading in a complaint manner.
With headquarters in San Francisco, and confirmed in June by Huobi as its partner, HBUS, is a U.S.-based digital cryptocurrency marketplace.
While trying to maintain it superiority despite the growing competition between the firm and crypto exchanges like OKEx and Binance, Huobi is trying to increase its tentacles by investing in diverse services and products and having strategic partners in the nooks and crannies of the world.
Aside HBUS venture, Huobi lately announced buying an enormous stake in BitTrade, a Japanese FSA-licensed crypto exchange. Also, Huobi acquired a controlling stake in Hong Kong exchange publicly-listed Pantronics Holdings last September.
This year, Huobi unveiled a South Korean subsidiary, and also launched a London office, while over-the-counter (OTC) trading tests is expected to start in Q3 of this year.
Regarded as the 6th largest crypto exchange, Huobi in the last 24hours has achieved $415.3 million in trades. Going by CoinMarketCap, HBUS has traded nothing less than $1.5 million in the same period.
Beyond their present offices and locations, Cryptocurrency exchanges are trying to increase their reach by partnering with other cryptocurrency exchanges and buying stakes in others. At the moments, exchanges like Binance are also doing the same.