Escrow company popular in the domain industry hires compliance officer from HSBC.
Escrow.com has hired a compliance offer to handle its Anti Money Laundering Compliance Program and other regulatory issues.
Fereba Ashufta joins Escrow.com from HSBC, where she was a Regional Regulatory Compliance Officer.
Escrow.com is a popular escrow service for many types of transactions but much of its business is with domain names. It has amped up its know your customer (KYC) processes in recent years, requiring both buyers and sellers to provide proof of identification.
The company says Ashufta will be in charge of its Anti Money Laundering Compliance Program as well as the company’s regulatory relationships and obligations.
“As a market-leading escrow service provider across the United States and further afield, regulatory oversight plays an essential role in our business and the assurance we continue to offer to our customers and marketplace partners,” said Jackson Elsegood, General Manager of Escrow.com