Circle Appoints Mandeep Walia as Chief Compliance and Risk Officer

Fazzaco learned that Circle, a global financial technology firm that offers payments and treasury infrastructure for digital businesses, has announced the appointment of Mandeep Walia as Chief Compliance and Risk Officer.

In his new role, Mandeep will help the firm continue to enhance its robust approach and commitment to financial crime compliance, countering the financing of terrorism (CFT), anti-money laundering (AML), and other financial integrity activities.

Mandeep brings his abundant experience in the payments, banking and financial services industry. Most recently, he served as the Chief Compliance Officer (CCO) and Head of Enterprise Risk Management for Novi, which is a part of Facebook. Prior to Novi, Mandeep 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.

Commenting on the appointment, 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.”

Talking about the new role, Mandeep said: “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.”