In a significant step, Nexo, the world’s leading institution for digital assets, has joined an innovative group of companies by joining the Association of Certified Sanctions Specialists (ACSS), proving a steadfast dedication to international regulatory compliance.
Nexo wants to boost the team’s competencies by using ACSS’s vast databases, rigorous training resources, and extensive contacts. All Nexo compliance professionals will complete rigorous training to get their “Certified Sanctions Specialist” certificates, which will complement their already impressive credentials.
This specialized training will advance the compliance team at Nexo’s understanding and practical application of the OFAC and EU sanctions regimes, supporting the creation of a strong compliance program.
“As compliance pioneers in an emerging industry, our mission is to maintain the most stringent compliance standards amidst this rapidly transforming landscape,” stated Savina Boncheva, CAMS, Prof. PgDip (GRC), Head of Compliance at Nexo. “Teaming up with ACSS allows us to elevate our sanctions compliance to a degree endorsed by a renowned industry body, whilst fostering opportunities for our compliance team’s growth. We are eager to continue to shape the industry standards alongside and in partnership with other key players.”
“Nexo’s decision to collaborate with us brings us immense pride,” said ACSS Executive Director Saskia Rietbroek. “As an organization that excels in providing sanctions training for multinational corporations and financial institutions, we can provide Nexo’s team with the highest quality of training, advancing compliance within the crypto sector.”
Soon after strengthening its data security via a SOC 2 Type 2 evaluation performed by A-LIGN, Nexo began working with ACSS. Since its founding in 2018, Nexo has put compliance and information security at the center of its operations. This year, the departments responsible for compliance and information security have grown by more than three times. Through the course of 2022, Nexo has consistently shown that it is one of the few cryptocurrency companies with a robust security architecture, which includes insurance, risk management, and strict overcollateralization guidelines. The fact that Nexo has been successful in obtaining regulatory licenses in several countries across the world and is regarded as a reliable company by more than six million customers demonstrates the company’s continued dedication to enhancing its compliance capabilities.
