Gabriel “Gabe” Hidalgo, a managing director at K2 Intelligence, has 20 years of legal, regulatory compliance, and Anti-Money Laundering (AML) experience working with wholesale and retail banks, FinTech companies, broker/dealers, and money services business entities. Gabe is a recognized subject-matter expert in the cryptocurrency and digital assets market and is able to help clients navigate and mitigate Bank Secrecy Act and Anti-Money Laundering (BSA/AML) compliance risks as they strive to keep up with the latest developments occurring within the new value-transfer digital asset marketplace, establish new banking relationships, and satisfy regulatory requirements domestically and internationally. Gabe also works with FinTech companies to establish dynamic and comprehensive compliance programs that incorporate the essential elements for sound oversight—effective governance and management controls, clear and practical policies and procedures, efficient transaction monitoring and sanction screening systems, comprehensive training, and sound quality assurance controls.
Prior to joining K2 Intelligence, Gabe served as chief compliance officer for Noble Bank International, a new innovative bank providing transactional settlements for various asset classes including cryptocurrency, FX, energy, and precious metals. Prior to that, he served as senior vice president/chief compliance officer for Community Federal Savings Bank (CFSB), where he led the team charged with formulating compliance solutions for new and constantly evolving FinTech payment products. Gabe was also responsible for compliance oversight over CFSB’s retail, merchant services and payments, and mortgage banking lines of business.
Before joining CFSB, Gabe served as senior vice president/head of global and U.S. compliance for itBit, the first U.S.-regulated virtual currency financial institution able to accept customers nationwide. In this role, Gabe advised itBit’s board of directors, CEO, and business leaders on regulatory developments, current compliance metrics, potential compliance risks, and possible risk mitigation and implementation of compliance best practices. He developed, implemented, and oversaw compliance program elements including the institution’s customer information, Know Your Client (KYC), enhanced due diligence (EDD), transaction monitoring, suspicious activity investigations and reporting, compliance testing, training, and record retention programs. He also served as the primary contact with regulators and law enforcement, including NYSDFS, law enforcement agencies, and FinCEN, and led the final phases of the acquisition of the first successful financial institution charter ever issued to a virtual currency exchange in the United States.
Prior to his tenure at itBit, Gabe was senior legal counsel at HSBC, where he advised various lines of business regarding regulatory matters. Additionally, he held senior compliance roles with the Federal Reserve Bank of New York, Morgan Stanley, Capital One Bank, and Deloitte. While at the Federal Reserve, Gabe trained regulators from the Federal Reserve System, NCUA, FDIC, SEC, and state regulatory agencies on AML compliance examination techniques.
Gabe received his J.D. from the University of Dayton School of Law and his B.A. from Marist College. He is admitted to practice law in New York. He is a Certified Anti-Money Laundering Specialist (CAMS). Gabe is also fluent in Spanish.