Gemini Trust Company, a cryptocurrency exchange and custodian owned by the Winklevoss brothers, has appointed Noah Perlman to spearhead its Compliance Program beginning from October.
Following Perlman’s expertise at Morgan Stanley, a global financial services firm, the veteran will now work together with the Gemini team as its new Chief Compliance Officer, according to the announcement today.
He will lead the company’s compliance program as well as oversee its Anti-Money Laundering (AML), Market Surveillance, and other similar applications.
In the words of Tyler Winklevoss, CEO of Gemini:
Compliance is one of Gemini’s four pillars, along with Product, Licensing, and Security. Noah has deep compliance expertise, and we are excited for him to continue to build on Gemini’s compliance-first tradition.
As reported, Perlman worked as the Global Head of Financial Crimes at Morgan Stanley, which also offers investment banking, securities, and investment management services.
Perlman allegedly led more than 350-person Financial Crimes Group during his time at Morgan Stanley. He held the legal and compliance responsibility for the management, oversight, and execution of the firm’s Anti-Money Laundering (AML), Anti-Boycott, Sanctions, Government and Political Activities programs, and Anti-Corruption.
Interestingly, Noah Perlman is joining at a period where Gemini is seeing very significant growth, given that the firm grew to more than 200 employees in the space of 18 months.
Last week, the company revealed its plans for a real-time U.S. dollar transfer to its customers via a collaboration with the Silvergate Exchange Network (SEN), a payment network provider by Silvergate Bank, in order to allow for a 24/7 access to instant money transactions on its platform.
The development is aimed at enabling institutional customers at Gemini to deposit and withdraw U.S. dollars to and fro, from their Gemini account, via SEN’s API. The API will process their deposits and withdrawals automatically and instantaneously, Coinfomania reported on August 27.
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