- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Melio, a B2B payments platform for small businesses, announced the appointment of Nicholas Passarelli as chief compliance officer.
Passarelli previously worked at Brex, where he served as chief compliance officer.
He has also held the role of chief compliance officer at multiple companies, including LGO, Dealerweb, and brokerage firm Kellogg Partners Institutional Services.
Compliance Week accepts outside contributions from corporate chief compliance officers and other senior-level GRC practitioners. To learn more, contact the CW Editor.
Women’s apparel importer Alexis agreed to pay nearly $7.7 million to settle allegations, first raised by a whistleblower, that it intentionally underpaid customs duties, according to the Department of Justice.
New York-based broker-dealer OTC Link will pay a $1.2 million fine to settle charges levied by the Securities and Exchange Commission over allegedly failing to implement a system to monitor and report potential suspicious activities on its platforms.
Staff writer Aaron Nicodemus discussed anti-financial crime technology in banking with Hanjo Seibert, managing director and partner of Boston Consulting Group, during the latest episode of the Compliance Week podcast.
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