Odaily Planet Daily News Nexo joined the Association of Sanctions Specialists (ACSS), aiming to obtain resources, relationships and data through ACSS to improve compliance. Savina Boncheva, Head of Compliance at Nexo, said: “Partnering with ACSS allows us to take compliance to a level recognized by a renowned industry body, while creating opportunities for the growth of our compliance team.” (Cointelegraph)
According to previous reports, the encrypted lending platform Nexo reached a settlement with the US Securities and Exchange Commission (SEC) and state regulators, will pay a total of 45 million US dollars in fines and stop providing lending products Earn Interest Product (EIP).