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TransferGo hires former Western Union compliance head Simon McFeely as chief compliance officer

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  • 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.

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