# Peter Warrack, Former Director of AML (Fintech Advisory) and Compliance Officer at the Bank of Montreal, joins Bitfinex as Chief Compliance Officer (CCO)
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2018-05-08
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Bitfinex Welcomes New Chief Compliance Officer Amidst Expansion
Meta Description: Joining amidst expansion, Warrack brings 30+ years of financial industry experience to bolster Bitfinex's regulatory compliance and monitoring
URL: https://financedigest.com/peter-warrack-former-director-of-aml-fintech-advisory-and-compliance-officer-at-the-bank-of-montreal-joins-bitfinex-as-chief-compliance-officer-ccohtml

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd080518-6-1736842759849-compressed.jpg)

_Key hire comes amidst marked expansion of the Bitfinex service offering, support capabilities and monitoring capacity_

[Bitfinex](https://www.bitfinex.com/), one of the world’s leading digital asset trading platforms, has announced that Peter Warrack, former Director of AML (Fintech Advisory) and Compliance Officer at the Bank of Montreal, has joined the exchange as Chief Compliance Officer (CCO).

“We are exceptionally excited to have Peter join Bitfinex. His knowledge and experience, combined with our shared belief in blockchain playing a leading role in the future of the global economy, makes him a unique and valuable talent for our team,” said Jean-Louis van der Velde, Chief Executive Officer of Bitfinex.

A recognized expert in major crime investigation, [anti-money laundering](https://www.financedigest.com/are-compliance-and-anti-money-laundering-aml-regulations-hurting-your-sales.html "Are compliance and anti-money laundering (AML) regulations hurting your sales?"), and terrorist financing detection, prevention and investigation, Warrack has over 30 years of demonstrated experience in the detection and prevention of economic crime. With a professional history in military [intelligence,](https://www.financedigest.com/military-artificial-intelligence-ai-market-surges-to-usd-35-54-billion-by-2031-propelled-by-14-49-cagr-verified-market-research.html) senior officer roles within the Police Service of Northern Ireland, and senior positions within the Royal [Bank of Canada (RBC) and the Bank of Montreal’s Financial Intelligence](https://www.financedigest.com/artificial-intelligence-in-banking-magazine.html "Artificial Intelligence in Banking Magazine") Units, Warrack’s appointment as Bitfinex CCO is intended to furnish the trading platform with the expertise and experience required to ensure that it continues to meet all relevant regulatory [compliance](https://www.financedigest.com/the-role-of-compliance-consulting.html) standards.

“I am incredibly excited to be joining Bitfinex as CCO. As a longtime advocate of blockchain technology and the integration of token markets into the mainstream, I hope to be a valuable asset to Bitfinex [moving forward and to help facilitate the continued expansion of their service offering to professional and institutional traders by ensuring the highest](https://www.financedigest.com/sport-ronaldo-tops-forbes-highest-paid-athletes-list-in-2023-after-saudi-move.html "Sport-Ronaldo tops Forbes’ highest-paid athletes list in 2023 after Saudi move") standard of regulatory compliance,” said Warrack.

Serving as a noted thought-leader on economic crime prevention, Warrack has published a number of articles on AML best practices and risk mitigation, [winning the ACAMS AML Professional of the Year Award](https://www.financedigest.com/ed-sheeran-wins-best-artist-as-mtv-europe-music-awards-returns-to-live-format.html "Ed Sheeran wins best artist as MTV Europe Music Awards returns to live format") in both 2011 and 2017 for his services to the AML profession. Warrack currently serves as an instructor and [board member](https://www.financedigest.com/bottlenecks-supply-problems-improving-at-abb-robotics-division-board-member.html "Bottlenecks, supply problems improving at ABB robotics division – board member") of the Canadian Institute for Financial Crime Analysis (CIFCA), Canada’s center for money laundering risk and financial intelligence, in conjunction with the Faculty of Business at Seneca College.

“Drawing on the skills cultivated during my time working in law enforcement and intelligence, as well as my experience within the traditional financial sector, I am aware of the importance of [developing a culture of intelligence throughout the relevant parts of an organization](https://www.financedigest.com/the-herbicide-safener-market-gloat-over-organic-development.html "The Herbicide Safener Market Gloat Over Organic Development") to ensure satisfaction of [compliance](https://www.financedigest.com/the-role-of-compliance-consulting.html) standards. I believe that my background, combined with my knowledge of and previous work within the blockchain space, will allow me to ensure that Bitfinex solidifies its [position as an industry](https://www.financedigest.com/why-the-it-industry-can-look-positively-towards-the-post-pandemic-world.html "Why the IT industry can look positively towards the post-pandemic world") leader,” added Warrack.

With a daily trading volume of more than $1.2 billion USD, Bitfinex is a leading provider of advanced trading features and charting tools, peer-to-peer financing, OTC and margin trading across a number of [digital assets](https://www.financedigest.com/how-financial-services-organisations-can-address-the-vulnerability-lag-and-safeguard-their-most-important-digital-assets.html "How financial services organisations can address the ‘Vulnerability Lag’ and safeguard their most important digital assets") for the global trading community.

The news of Warrack’s addition to the Bitfinex team [comes in the wake of a significant expansion of the exchange’s service](https://www.financedigest.com/constructive-digitization-to-let-the-remote-patient-monitoring-services-market-come-of-age.html "Constructive digitization to let the Remote Patient Monitoring Services Market come of age") offering and support capabilities. To complement the arrival of Warrack, Bitfinex has recently announced a partnership with Irisium (formerly Ancoa Ltd), a leading provider of [market surveillance](https://www.financedigest.com/drone-surveillance-market-to-garner-brimming-revenues-by-2018-2026.html "Drone Surveillance Market to Garner Brimming Revenues by 2018-2026") and analytical software for financial organisations. The integration is aimed at facilitating an industry-wide improvement in [market](https://www.financedigest.com/the-next-upcoming-years-to-see-the-oral-solid-dosage-contract-manufacturing-market-integrating-constructive-innovation.html "The Next Upcoming Years To See The Oral Solid Dosage Contract Manufacturing Market Integrating Constructive Innovation") integrity and transparency, bolstering Bitfinex’s ability to identify, investigate and regulate suspicious trading activity.

“We are elated to welcome Peter aboard at this important juncture in Bitfinex’s journey and look forward to all that lies ahead. He will be a wonderful asset to the team and the broader Bitfinex community,” concluded van der Velde.


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---