- Robinhood Seeks Sanctions Investigators for Financial Crime Squad
- Before this, the company had already been sanctioned due to the neglect of AML norms.
- At the end of the year, the developer is preparing to release the Web3 wallet and does not want complications.
In May, the Robinhood platform announced the development of a custodial crypto wallet with zero commission. Testers received the beta version of the software in the summer, and a full release is scheduled for the end of the year. In preparation for this event, the company is expanding the staff of its Financial Crime Unit.
According to the Robinhood vacancy on Linkedin, the organization is looking for a specialist with higher education and two years of work experience, including investigating crypto crimes. Knowledge of Chainalysis is desirable but not required.
In August, Robinhood was fined $30 million for violating AML provisions and neglecting cybersecurity. The company also agreed to compensate customers for $9.9 million in the case of system failures in a proprietary application.
With this in mind, Robinhood’s desire to minimize sanctions risks looks justified. Especially at the moment when the developer is preparing for the release of an important product.
Note that Robinhood has not specified the release date for the final version of its wallet. From early announcements, it follows that it will take place ” at the end of this year. “
