-
OKX’s
global
chief
compliance
officer,
Patrick
Donegan,
left
in
January
after
just
six
months
in
post. -
Donegan,
whose
responsibilities
included
anti-money
laundering,
managed
a
team
of
300.
-
02:07
SEC’s
Crypto
Enforcement
Actions
in
2023 -
1:09:58
How
Much
Money
Are
Terrorists
Actually
Raising
in
Crypto? -
01:31
Cost
of
Not
Enacting
Crypto
Regulation
Is
‘Extremely
High,’
Legal
Expert
Says -
08:06
Ripple
Exec
Says
Singapore
Is
a
‘Significant
Hub
for
Our
Business’
The
global
chief
compliance
officer
and
head
of
anti-money
laundering
efforts
for
OKX,
Patrick
Donegan,
left
his
role
at
the
second-largest
cryptocurrency
exchange
after
just
six
months
in
the
job,
according
to
his
LinkedIn
profile.
Donegan
managed
a
team
of
300
people
around
the
world,
joined
OKX
in
August
2023
and
left
in
January
2024,
his
profile
states.
He
described
himself
as
a
regulatory
specialist
on
AML
with
“skills
in
creating
policies
and
procedures,
meeting
regulatory
expectations
while
promoting
business
initiatives
and
establishing
strong
relationships
with
regulators.”
Crypto
exchanges
are
coming
under
pressure
to
get
their
houses
in
order
when
it
comes
to
things
like
combating
money
laundering.
Most
recently,
crypto
exchange
KuCoin
and
two
of
its
founders
were
charged
with
violating
anti-money
laundering
laws
by
U.S.
federal
prosecutors.
In
November
of
last
year,
U.S.
authorities
settled
similar
charges
against
Binance,
the
world’s
largest
crypto
exchange
by
trading
volume.
Donegan
was
previously
chief
compliance
officer
and
senior
vice
president
at
the
once
crypto-friendly
Signature
Bank,
where
he
has
served
for
almost
eight
years.
Neither
OKX
nor
Donegan
responded
to
requests
for
comment.