New York (September 20, 2018) – K2 Intelligence, an industry-leading investigative, compliance, and cyber defense services firm founded by Jules B. Kroll and Jeremy M. Kroll, announced today that Gabriel “Gabe” Hidalgo has joined as a managing director in the Regulatory Compliance practice. Mr Hidalgo will lead the cryptocurrency and digital assets services team and will report to Tom Bock, executive managing director and leader of K2 Intelligence’s Regulatory Compliance practice.
Mr. Hidalgo brings with him 20 years of legal, regulatory compliance, and Anti-Money Laundering (AML) experience. He is also a recognized subject-matter expert in the cryptocurrency and digital assets market. Mr. Hidalgo 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 within the new value-transfer digital asset marketplace, establish new banking relationships, and satisfy regulatory requirements domestically and internationally.
Mr. Hidalgo and Brandon Lee, an associate managing director in the Regulatory Compliance practice, will provide consulting on regulatory matters relevant to those active in the cryptocurrency and digital asset markets. They will assist clients seeking license approval, provide assistance in the creation of AML compliance programs ahead of registration, and help clients mitigate BSA/AML compliance risks. Their targets will be companies issuing new digital currencies, investors speculating on them, and the financial institutions ultimately servicing them.
“I am delighted to welcome Gabe to the firm,” said Jeremy Kroll, president and CEO of K2 Intelligence. “The digital assets market is experiencing unprecedented growth that is also accompanied by risk and liabilities for companies issuing new currencies, investors speculating on them, and the financial institutions ultimately servicing them. Gabe’s highly developed expertise in both AML compliance and the cryptocurrency market will help our clients navigate the digital asset ecosystem and stay ahead of the rapidly evolving regulatory landscape.”
“Gabe has worked with wholesale and retail banks, FinTech companies, broker-dealers, and money services business entities advising on AML and Bank Secrecy Act compliance risks. He has unparalleled knowledge in the virtual currency and blockchain space and the skill set to marry both for clients,” added Tom Bock, executive managing director and leader of K2 Intelligence’s Regulatory Compliance practice.
Mr. Hidalgo joins K2 Intelligence after serving as chief compliance officer for Noble Bank International, an innovative bank providing transactional settlements for various asset classes including cryptocurrency, FX, energy, and precious metals. Prior to that, Hidalgo served as senior vice president and chief compliance officer for Community Federal Savings Bank (CFSB), where he led the team charged with formulating compliance solutions for emerging FinTech payment products. Before joining CFSB, Mr. Hidalgo served as senior vice president and head of global and U.S. compliance for itBit, the first U.S.-regulated virtual currency financial institution to accept customers nationwide.
Mr. Hidalgo has also held senior compliance roles with the Federal Reserve Bank of New York, where he trained regulators from the Federal Reserve System, NCUA, FDIC, SEC, and state regulatory agencies on AML compliance examination techniques.
Mr. Hidalgo is admitted to practice law in New York and is a Certified Anti-Money Laundering Specialist (CAMS).
K2 Intelligence’s regulatory, compliance, and Anti-Money Laundering (AML) professionals assist commercial and retail banks, investment banks, financial services firms, and virtual currency exchanges across the world with regulatory compliance—helping them to meet the challenge of complying with financial crime prevention rules, including those promulgated by the USA PATRIOT Act, the Bank Secrecy Act (BSA), and the Office of Foreign Assets Control (OFAC). Our areas of specialty include sanctions and Anti-Money Laundering compliance—encompassing enhanced Know Your Customer (KYC) due diligence, periodic reviews, account remediation, historical transaction reviews, AML and sanctions risk assessment, independent testing and monitoring, model validation, and AML and sanctions technology evaluation—along with fraud and anti-bribery/anti-corruption compliance.