|By Business Wire||
|August 14, 2013 08:02 AM EDT||
USForex, one of the world’s fastest-growing, technology-driven foreign exchange providers, today announced the addition of Danielle Claudat as in-house corporate counsel, and Tim Richey as risk and compliance manager. As corporate counsel, Ms. Claudat will oversee the legal function for USForex and provide guidance on regulatory compliance, corporate governance, contracts and other legal matters. In the role of risk and compliance manager, Mr. Richey will oversee the ongoing management of the company’s compliance framework, anti-money laundering and suspicious activity reporting, state license renewals, regulatory engagements, and compliance training program.
Prior to joining USForex, Ms. Claudat was an associate in the Compliance and Anti-Money Laundering Group at Wells Fargo Bank. She also has extensive experience in complex securities litigation. Ms. Claudat is a member of the State Bar of California. She received her Bachelor of Arts from the University of Texas, Austin and her Juris Doctor from University of San Francisco Law School.
Prior to joining USForex, Mr. Richey served as senior vice president/director of financial intelligence and BSA Officer for Boston Private Bank & Trust Company and senior vice president/chief compliance officer, BSA officer for its subsidiary, First Private Bank & Trust. Mr. Richey’s 14 years of industry experience includes consulting on high profile bank AML/BSA remediation projects and managing AML/BSA and compliance efforts for AEGON USA/Transamerica in St. Petersburg, FL. Mr. Richey graduated with an AS from Vincennes University, a BA from Indiana University and received a JD from Stetson University College of Law. He has been CAMS-certified since 2004 and has AML/BSA experience in banking, securities, money services businesses, investments and the life insurance industries.
“USForex is proud to add an impressive roster of legal and compliance experts to our team as we continue to expand and invest throughout the United States,” said Michael Ward, CEO, North America and Europe for USForex. “Through their years of experience, Danielle and Tim have shown the ability to provide expert legal counsel on a host of important corporate issues that falls in line with our growth strategy. Their ability to grasp complex regulatory compliance and other issues will help our senior team continue to provide best-in class service and strategy to our clients. Both Danielle and Tim will be a crucial part of our decision making process as we continue to build momentum here in the U.S.”
A wholly-owned subsidiary of OZForex and headquartered in San Francisco, USForex completed more than 500,000 transactions and served more than 25,000 customers in its first year of business in the U.S. USForex customers have the ability to make international money transfers from home or anywhere in the world by phone or via USForex’s fully secure online platform.
For more information, visit www.usforex.com.
USForex is a wholly-owned subsidiary of OzForex, a strategic investment of Macquarie Bank, Accel Partners and the Carlyle Group, and original co-founders Matt Gilmour and Gary Lord. USForex is part of the OzForex Group which includes UKForex, CanadianForex, OzForex, NZForex and Tranzfers. Since its launch in 1998 by Matt Gilmour, the Group has grown to be one of the world's largest online foreign exchange companies. The Company's client base includes small and medium-sized importers and exporters, as well as individuals who transfer financial assets, have recurring payments overseas, and those investing abroad. The USForex Board of Directors is made up of executives with significant experience in foreign exchange and the financial markets.