KEY TAKEAWAYS
- 1inch Group appoints Hedi Navazan as Chief Compliance Officer to enhance security and compliance.
- Navazan’s experience in financial crime and regulatory teams will help 1inch navigate global legal challenges.
- Her role aims to bridge DeFi protocols with regulatory frameworks, promoting innovation and consumer protection.
- Navazan’s leadership in global compliance will support 1inch’s growth and adherence to evolving regulations.
The 1inch Group has announced the appointment of Hedi Navazan as its new Chief Compliance Officer. This strategic move aims to strengthen the security and compliance framework of the 1inch ecosystem. Navazan brings extensive experience from both the public sector and traditional finance, enhancing the company’s commitment to legal integrity and robust governance.
With a career spanning various global institutions, including HSBC, Navazan has managed financial crime and regulatory teams across Europe. Her role at 1inch will involve overseeing a joint legal, security, and compliance team, navigating the rapidly evolving regulatory landscape. This team will focus on a wide array of global legal issues, ensuring adherence to local requirements and maintaining rigorous compliance controls throughout the user lifecycle.
Bridging DeFi and Regulatory Frameworks
Navazan’s appointment is seen as a pivotal step in bridging the gap between decentralized finance (DeFi) protocols and regulatory bodies. She emphasizes the importance of engaging with policymakers to educate them on the benefits of DeFi and advocate for frameworks that encourage innovation while protecting consumers. Her leadership is expected to contribute to creating industry standards that align with regulatory expectations without compromising the decentralized ethos of DeFi.
Sergej Kunz, co-founder of 1inch, highlighted the company’s focus on user protection and building consumer trust. He stated, “A strong foundation begins with a culture of security, compliance, and a dedication to doing things the right way.” Navazan’s insights into evolving regulatory trends are anticipated to be invaluable for 1inch’s continued growth and long-term success.
Global Collaboration and Advocacy
Navazan also serves as Vice Chair of the Digital Asset Task Force for the Global Coalition on Fighting Financial Crime, founded by the World Economic Forum. Her collaboration with organizations like Europol, Interpol, and the United Nations Office on Drugs and Crime (UNODC) underscores her commitment to fostering public-private partnerships in the digital asset space.
In her new role, Navazan will lead a team that includes a global compliance team of Money Laundering Reporting Officers and specialists in compliance operations. This team will focus on a safe and responsible client onboarding process, ensuring the sustainable growth of DeFi while addressing systemic risks.
For more information on this appointment, visit the official announcement here.
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