Mandeep joins Circle’s leadership following an extensive career in global financial compliance and risk management at leading organizations. Most recently, Mandeep served as the Chief Compliance Officer and Head of Enterprise Risk Management for Novi, which is a part of Facebook Financial. Prior to Novi, where Mandeep is largely credited for building a comprehensive compliance and risk framework for blockchain-based payment systems, Mandeep served as the Chief Risk and Compliance Officer for LendUp and as a Senior Director of Global Risk and Compliance for PayPal, among senior leadership roles in other global financial institutions.

“Mandeep is widely recognized as one of the pioneers in enhancing global compliance standards for blockchain-based financial services. A key part of Circle’s mission of raising global economic prosperity through programmable internet commerce requires an exacting approach to compliance and risk management that not only advances our business, but that advances our industry. Mandeep is precisely such a leader and his unique skills, knowledge of global compliance and emerging technology make him a unique addition to our leadership team,” said Jeremy Allaire, Circle’s Co-Founder and CEO.

“Circle, along with the meteoric growth of USDC as the most trusted dollar digital currency in circulation, have demonstrated that compliance and open, internet-level financial systems are not at odds with high standards of compliance. I look forward to joining an incredible team of leaders at an exciting time in the industry where new standards are emerging in harmonizing compliance standards around the world,” said, Mandeep Walia, Circle’s incoming Chief Compliance and Risk Officer.

Mandeep’s appointment as Circle’s Chief Compliance and Risk Officer will continue to enhance Circle’s robust approach and commitment to financial crime compliance, anti-money laundering (AML), countering the financing of terrorism (CFT) and other financial integrity activities. Mandeep’s appointment follows the announcement of other key executives, including Jeremy Fox-Geen as Circle’s incoming Chief Financial Officer and Dante Disparte as Circle’s Chief Strategy Officer and Head of Global Policy.