International payments platform Thunes has announced the appointment of Peter Cohen as its new Chief Compliance Officer.
In his new role, Cohen will focus on enhancing Thunes’ Fortress Compliance Platform as the company enters its next phase of growth. He will also work towards furthering Thunes’ commitment to maintaining top-tier compliance standards.
The new Chief Compliance Officer will report to General Counsel Ruwan De Soyza as part of the Legal and Compliance Function of the fintech. De Soyza, who started at the company in June, leads a team across various areas, including payment regulation, licensing, compliance, M&A and commercial contracts.
Talking about the appointment of Cohen, he said that the new hire’s experience ‘aligns perfectly’ with Thunes’ fast-paced and diverse culture.
Floris de Kort, CEO of Thunes, stated: “This strategic hire demonstrates our unwavering commitment to compliance, one of the cornerstones of the value we provide to the Members of the Thunes Direct Global Network.
“Peter’s extensive expertise will reinforce our efforts to offer secure and seamless payment solutions globally, empowering our members to conduct cross-border transactions with increased confidence and efficiency.”
With more than 20 years of experience in the payments industry, Cohen brings expertise in both regulatory and financial crime compliance. In a release, Thunes highlighted his proven track record in implementing innovative compliance frameworks in global settings.
Commenting on his new role, Cohen said: “I am thrilled to join Thunes at this dynamic time. I look forward to enhancing our compliance capabilities and supporting our mission of building the most dependable Direct Global Network.
“Continual enhancement of the Thunes Fortress Compliance Platform is essential to providing our Network Members with secure and efficient cross-border transactions.”
Last week, the company welcomed Turkish fintech Papara into its Direct Global Network to enable cross-border payments to and from Turkey, a capability made possible through its Fortress Compliance Platform and SmartX Treasury System.
