News

Robinhood Is Hiring Sanctions Investigators To Expand Its Offerings

Brokerage software Robinhood is expanding its finance crimes compliance section by adding sanctions investigators.

The appointments might be tied to compliance for self-custody wallets, which the business will formally release in the coming months. Robinhood Wallet, a standalone software in beta on the Apple App Store, allows users to trade and shift cryptocurrency without incurring network costs.

The role needs two or more years of expertise investigating financial crimes and one or more years researching cryptocurrency transactions. While not essential, Chainalysis experience is preferred, according to the posting.

Given its previous struggles in this area, it’s not unexpected that the company is trying to expand its compliance staff with an emphasis on crypto. New York finance regulators penalized Robinhood Crypto $30 million earlier this year.

Robinhood unveiled plans for a Web3-centric wallet earlier this year. Last month, the company announced a strategic cooperation with Circle Financial.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.