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CEX: This year will continue to expand the Compliance team and hire Todd McElduff as the Director of Enterprise Compliance
On November 22nd, according to the official blog, CEX plans to increase the Compliance team to 645 employees by the end of this year. From November 2023 to the end of 2024, the team size will rise by 34%. As of now, CEX has over 1,000 Compliance employees and contractors. Todd McElduff joined CEX this year as the Head of Corporate Compliance. The responsibilities of the Corporate Compliance team include collaborating with law enforcement agencies to handle requests and conduct special investigations, providing education and training for law enforcement personnel, and being responsible for transaction monitoring, market supervision, and sanction compliance in key areas. Todd McElduff has 20 years of compliance experience, with a focus on following TradFi and financial crimes in the financial technology field. He previously held positions such as Senior Director at PayPal.