Digital Assets: Nexo Joins Association of Certified Sanctions Specialists (ACSS), Committed to Ensuring Regulatory Compliance

Nexo, which claims to be among the world’s leading institutions for digital assets, in a pivotal move, has joined a vanguard of firms entering the Association of Certified Sanctions Specialists (ACSS), “demonstrating a stalwart commitment to global regulatory compliance.”

Harnessing the expansive databases, meticulous training resources, and far-reaching connections within ACSS, Nexo aims to “supercharge the competencies of its team.”

Every compliance professional within Nexo will become ACSS certified, adding even more rigorous training and “Certified Sanctions Specialist” certifications to our specialists’ already extensive qualifications.

Тhis focused training will “further enhance Nexo’s Compliance team’s knowledge and experience with OFAC and EU sanctions regimes, promoting the development of a robust compliance program.”

Savina Boncheva, CAMS, Prof. PgDip (GRC), Head of Compliance at Nexo, said:

“As compliance pioneers in an emerging industry, our mission is to maintain the most stringent compliance standards amidst this rapidly transforming landscape. 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.”

ACSS Executive Director Saskia Rietbroek said:

“Nexo’s decision to collaborate with us brings us immense pride. 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.”

Nexo’s work with ACSS comes shortly “after the crypto enterprise reinforced its data security via its SOC 2 Type 2 assessment conducted by A-LIGN.”

Since its inception in 2018, Nexo has placed compliance and information security at the core of its operations, “with its Compliance and InfoSec departments having more than tripled this year.”

Тhroughout 2022, Nexo has continuously proven itself “as one of the only crypto firms with proper security infrastructure – including stringent overcollateralization policies, proper risk management, and insurance.”

Further illustrating the ongoing commitment to bolstering its compliance strengths, Nexo has successfully “secured regulatory approvals in various jurisdictions across the globe and is trusted by over six million clients worldwide.”

As covered, Nexo claims it is “the world’s leading digital assets institution.”

The company’s mission is “to maximize the value and utility of digital assets by offering a comprehensive suite of products that include advanced trading solutions for retail and institutional clients, aggregation of liquidity from leading venues, and tax-efficient asset-backed credit lines.”

In 2022, the enterprise “launched its investment arm Nexo Ventures, which now boasts over 60 portfolio companies.”

Nexo has processed $130+ billion “for 6,000,000+ satisfied users across more than 200 jurisdictions.”

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