- TransferGo, a cross-border payments fintech, has appointed Simon McFeely as its new Chief Compliance Officer.
- The appointment is part of TransferGo’s efforts to spearhead global expansion and consolidate its presence in existing markets.
- McFeely is tasked with building a compliance and risk management framework to scale and brings over 10 years of experience in compliance and risk management.
- TransferGo has faced regulatory challenges, receiving a €310,000 fine from the Bank of Lithuania in August 2023 for alleged violations of anti-money laundering requirements.
- McFeely joins TransferGo from TransferMate Global Payments, where he served as Global Chief Risk and Compliance Officer for three years.
- The fintech aims to continue growing rapidly and expanding into new markets in Asia, Africa, and South America.
- TransferGo’s digital platform facilitates cross-border money transfers to 160 countries and serves over 7 million customers.
