Halliday will report back to Gemini’s director of U.K. and Europe, Julian Sawyer, and can work closely with the firm’s ny City-based chief compliance officer, Noah Perlman, who was formerly global head of monetary crimes at Morgan Stanley.
The move comes as ramped-up regulations enter effect with the ecu Union’s Fifth Anti-Money Laundering Directive (AMLD5), which needs crypto firms to demonstrate compliance with enhanced know-your-customer (KYC) and anti-money-laundering (AML) procedures.
Halliday’s first project are going to be ensuring Gemini’s risk management practices are in situ because the U.K.’s Financial Conduct Authority reviews its e-money license application, Sawyer said.
“At the instant , our customers within the U.K. need to send money to the U.S. as a wire transfer,” Sawyer said. “An e-money license would allow them to deposit local currency without exchange [costs].”
At Circle, Halliday was chief compliance officer for Europe, the center East and Africa. Before that, he was executive of monetary crime and compliance at fintech startup CashFlows and chief compliance officer at the International Currency Exchange. He began his career at the Royal Bank of Scotland, where he spent 14 years in financial crime–related roles.