Cryptocurrency exchange Kraken said it named CJ Rinaldi as its new chief compliance officer, hiring him from rival Blockchain.com, as it continues to revamp its compliance programme after a sanctions violation settlement amid increasing regulatory scrutiny of the crypto sector.

Rinaldi most recently served as Blockchain.com’s chief compliance officer for about a year, where he implemented global compliance frameworks and mitigated compliance risks. Before joining London-based Blockchain.com in October 2021, he was the head of markets compliance in the Americas for broker-dealer Deutsche Bank Securities.