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
John says
Thank you Estibot, for all the harm you have done to the domain industry, as I have to experience this again today just a few moments ago because of you:
“And why is your ***.com worth anything over $*** that Estibot estimates? What’s worth $*** here?”
Easter Day says
Good to know about you Fereba Ashufta!
mike says
Isn’t HSBC the bank behind the Huawei and Iran saga.
Wow must be a slow news day every domain blog has this as front page news.