Ripple, the tech firm behind XRP, is now looking for talent with a new full-time position as a Senior Specialist in Global Know Your Customer Due Diligence. Based on the announcement, the advertised role is in the United States.
The new employee will join Ripple’s global Anti-Money Laundering and Sanctions Compliance team to conduct due diligence and mitigate reputational, regulatory and sanction risks associated with the company’s institutional clients, corporate partners and counterparties.
- Based on reports, this increase is in line with Ripple’s commitment to stricter compliance with Anti-Money Laundering (AML), Counter-Terrorist Financing and Economic Sanctions regulations.
- The move is a testament to Ripple’s efforts to expand its services in the US and beyond. Despite earlier plans to exit the US market, the company is planning further expansion in the US based on upcoming reports.
- In a recent interview, Monica Long of Ripple in the US mentioned that the recent partial court victory will help shape her company’s strategy. Long said in part:
“We are very pleased with this as we now have clarity on how Ripple will operate its business going forward. And we’re re-engaging with the US market.”
- After recently receiving an operating license in Singapore, Ripple has revealed its ambitions to expand its operations to the UK and Ireland.
- The network plans to obtain a similar Payment Institution license from the UK’s Financial Conduct Authority and Ireland’s watchdog.
- In a recent interview, Sandy Young, CEO of Ripple’s UK and Europe subsidiary, revealed that the network has increased its workforce in the region by almost 75% in the past two years alone.
- Ripple’s expansion touches the NFT realm as well, with Ducati, a sports motorcycle company, announcing the launch of NFTs on the XRP Ledger.