Ripple, the driving force behind XRP, has launched a new full-time opening for a Senior Specialist in Global Know Your Customer Due Diligence. As previously announced, the role will be based in the United States, demonstrating the company’s commitment to strengthening its compliance efforts while extending its global reach.
The chosen candidate will join Ripple’s Global Anti-Money Laundering & Sanctions Compliance team, where they will undertake due diligence. This strategy initiative seeks to reduce reputational, regulatory, and sanction risks associated with Ripple’s institutional clients, business partners, and peers.
According to reports, this development is consistent with Ripple’s unwavering commitment to conforming to stringent Anti-Money Laundering (AML), Counter-Terrorist Financing, and Economic Sanctions legislation. The action emphasizes Ripple’s commitment to maintaining high compliance standards, which is critical to the company’s ethos.
This strategic move corresponds with Ripple’s more significant objective of international expansion, not only within the United States. While prior plans implied a likely exit from the US market, new reports point in the other direction, indicating increasing activity and expansion within the US market.
In a recent interview, Monica Long, a Ripple representative in the United States, emphasized the significance of Ripple’s recent partial court victory. Long noted how this legal development has clarified Ripple’s operational perspective, allowing the business to re-engage with the US market and modify its strategy accordingly.
Ripple just secured a functioning license in Singapore, bolstering its international reach. Ripple announced plans to obtain a payment institution license from the UK’s Financial Conduct Authority and Ireland’s regulatory authority, focusing on the UK and Ireland.
In a recent interview, Sendi Young, CEO of Ripple’s UK and Europe division, revealed that the network has dramatically grown its regional employees, with a 75% rise over the last two years.
Ripple’s objectives also extend into the domain of non-fungible tokens (NFTs). Ripple facilitated the development of NFTs on the XRP ledger in collaboration with Ducati, a significant sports motorcycle business, marking another move into creative and disruptive fields.
As Ripple’s multifaceted expansion journey unfolds, the company’s dedication to compliance, strategic positioning, and diversification into emerging technologies reaffirm its commitment to core values and evolving opportunities in the dynamic landscape of fintech and blockchain innovation.