Tanya Abrosimova
Independent Analyst
- The fintech startup posted a job ad for a financial security specialist.
- The new employee will join Ripple's BSA team.
The San-Francisco fintech startup Ripple is looking for a BSA research analyst to spot and investigate suspicious activity on XRP Ledger.
The company is looking for an investigative analyst in the recently posted job ad to join the Ripple's Banking Secrecy Law (BSA) compliance team. The company expects that a new team member will be on the lookout for any existing shortcomings in the compliance procedures and prepare recommendations on improving the reporting on suspicious activity and strengthening the anti-money laundering processes.
Apart from that, the analyst is expected to monitor Ripple Ledger on a daily basis, analyze the transactions, and prepare the corresponding reports to the regulatory and security authorities, including FinCEN.
According to the job posting, the candidate will also be required to:
Work closely with Engineering, Product, and Data teams on efforts to enhance monitoring tools and identify data usage for effective monitoring and investigations and assist the Senior BSA Investigations Manager with ad-hoc projects.
BSA was established in 1970 by U.S. Office of the Comptroller of the Currency (OCC). According to the regulator's website, BSA is a law that provides an anti-money laundering to the financial institutions and requires them to cooperate with the regulatory and enforcement authorities to prevent and detect money laundering.
While Ripple will investigate XRP ledger issues if requested, the company notes that transactions are irreversible. The company emphasizes that it does not have the right to cancel a transaction even in case of the reported theft or other illegal activity, as XRP users Ripple's customers.
The company also explained that XRP users give their consent to share their data with the federal and local U.S. authorities when they send a transaction request. Ripple is also currently looking for a due diligence specialist to join the Bank Secrecy Law compliance team.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
AAVE proposes a slew of upgrades and expansions in plan for 2030
Aave has proposed a Unified Liquidity Layer, V4, and solutions to enhance and compete with zero-knowledge networks in its plan for 2030 and beyond. The proposal states that Aave aims to implement its plan together with the community within the next three years.
Top 3 meme coins Dogecoin, Shiba Inu and Bonk: Recovery likely if Bitcoin freefall ends
Meme coins Dogecoin (DOGE), Shiba Inu (SHIB) and Bonk (BONK) look primed for recovery, according to technical indicators, despite the broader crypto market correction prompted by the sharp drop in Bitcoin (BTC) price.
XRP tests $0.52 resistance while XRP Ledger developers propose lending protocol on the blockchain
Ripple has failed to close above $0.52 for five consecutive days, struggling with the sticky resistance. XRP holders digested the news of US Securities and Exchange Commission’s response to Ripple in its filing that addressed the issue of “expert testimony.”
Pepe whales buying spree could trigger 55% rally Premium
Pepe price shows signs of a potential comeback as it retest the a declining resistance level. A successful breakout could kick-start a 56% move to the upside as whales continue to accumulate on dips.
Bitcoin: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s (BTC) recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.