Robinhood is searching for to rent a number of Sanctions Investigators for its finance crimes compliance unit as it might be broadening its choices, in response to its official Linkedin web page.
The job description contains reviewing and analyzing alerts of potential matches of Robinhood prospects to denied events, managing the investigative course of from preliminary detection to disposition and reporting, annotating findings offering proof of proof and a closing resolution, escalating any matches that can’t be resolved to Sanctions Investigation administration and as well as any correct constructive matches to the Sanctions Workplace.
Robinhood is a standalone pockets app that provides brokerage providers and permits customers to commerce and swap crypto with out community charges.
Based on stories, the Brokerage app hiring sanctions investigators might be associated to the agency’s upcoming self-custody wallets launch, which will probably be launched formally within the coming months.
Per the job posting, the function requires two-plus years of expertise working in monetary crimes investigation and one-plus years investigating cryptocurrency transactions. Whereas not required, “Chainalysis expertise” is welcome.
In August, the Brokerage app agency was slammed with a wonderful of $30 million by the New York Division of Monetary Providers (NYDFS).
As reported by Blockchain.Information, the sanctions got here because the regulator found that Robinhood Crypto violated a number of extant rules, together with the Financial institution Secrecy Act (BSA), Anti-Cash Laundering (AML) violations, transaction monitoring inadequacies, and failure to make provisions for cybersecurity regulation.
The regulator famous that it found the failings behind the sanction in Robinhood Crypto’s working fashions following a supervisory examination and a subsequent investigation.
Superintendent of Monetary Providers Adrienne A. Harris acknowledged that because the Brokerage agency grew, it didn’t “make investments the right assets and a focus to develop and preserve a tradition of compliance—a failure that resulted in important violations of the Division’s anti-money laundering and cybersecurity rules.”
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