Gemini, a firm backed by the influential Winklevoss brothers, has announced that Noah Perlman will be welcomed on board. He will function as the company’s chief compliance officer (CCO,) according to a statement on Wednesday.
Perlman will have at his hands the responsibility of leading the crypto business’ compliance program, and that includes the anti-money laundering (AML) and market surveillance measures. The specialist is joining the Gemini team after a period in Morgan Stanley.
Asking Permission, Not Forgiveness
The reports indicate that Perlman will begin his functions in the new role in the month of October. According to Gemini’s Tyler Winklevoss, the CEO of the crypto exchange and custodian space, the company has a philosophy of asking for permission and not for forgiveness, which makes compliance one of the four Gemini foundations. The others are product, security, and licensing.
Winklevoss stated that Noah Perlman is an expert in compliance matters, and he didn’t hide his happiness about welcoming him to the team in order to keep building on Gemini’s compliance-first approach.
Perlman is a veteran in the industry, with deep expertise in compliance matters. He was the global head of financial crimes at Morgan Stanley, leading dozens of staffs. Gemini will be looking to benefit from his expertise in legal matters and compliance for governance, oversight, and the proper execution of AML regulations. He will also be in charge of managing things like sanctions, anti-corruption, anti-boycott, and government programs.
A Complete Resume
Before spending the last 13 years at Morgan Stanley, a famous global investment bank, Perlman was the division counsel for the United States Drug Enforcement Administration (DEA) New York Division and an Assistant United States Attorney (AUSA) for the Eastern District of New York. There, he had several supervisory responsibilities.
The appointment of Perlman came just weeks after Gemini, a New York-based crypto services firm, also drafted another high-profile personality to work as the chief security officer.
Now that the company is established and firmly entrenched in the United States of America, it will now focus on broadening its reach and venturing into international markets to expand its influence.
In August, Gemini introduced crypto trading services on its platform for Australian-based clients, which is now the firm’s sixth foreign market outside of the United States. The plan is to continue growing to reach more countries and consolidate the brand on a global scale.
