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Circle welcomes Mandeep Walia as Chief Compliance and Risk Officer

By Pavithra R

May 20, 2021

  • America
  • Circle
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Circle welcomes Mandeep Walia as Chief Compliance and Risk Officer
Mandeep Walia

Circle, a global financial technology firm that provides payments and treasury infrastructure for digital businesses has announced the appointment of Mandeep Walia as Chief Compliance and Risk Officer.

Mandeep joins Circle’s leadership following an extensive career in the payments, banking and financial services industry. Most recently, he served as the Chief Compliance Officer (CCO) and Head of Enterprise Risk Management for Novi, which is a part of Facebook. Prior to Novi, Mandeep served as the Chief Risk and Compliance Officer for LendUp and as a Senior Director of Global Risk and Compliance for PayPal, among senior leadership roles in other global financial institutions.

“Mandeep is widely recognized as one of the pioneers in enhancing global compliance standards for blockchain-based financial services. A key part of Circle’s mission of raising global economic prosperity through programmable internet commerce requires an exacting approach to compliance and risk management that not only advances our business, but that advances our industry. Mandeep is precisely such a leader and his unique skills, knowledge of global compliance and emerging technology make him a unique addition to our leadership team,” said Jeremy Allaire, Circle’s Co-Founder and CEO.

At Circle, Mandeep’s addition will help the firm continue to enhance its robust approach and commitment to financial crime compliance, countering the financing of terrorism (CFT), anti-money laundering (AML), and other financial integrity activities. Mandeep’s appointment follows the announcement of other key executives, including Jeremy Fox-Geen as Circle’s incoming Chief Financial Officer (CFO) and Dante Disparte as Circle’s Chief Strategy Officer and Head of Global Policy.

“Circle, along with the meteoric growth of USDC as the most trusted dollar digital currency in circulation, have demonstrated that compliance and open, internet-level financial systems are not at odds with high standards of compliance. I look forward to joining an incredible team of leaders at an exciting time in the industry where new standards are emerging in harmonizing compliance standards around the world,” said, Mandeep Walia, Circle’s incoming Chief Compliance and Risk Officer.

Founded in 2013, Circle is a global FinTech firm that enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments and commerce worldwide. The firm has introduced next-generation payments processing APIs and has combined the benefits of stablecoins and blockchain with traditional forms of payments like cards and banks.

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