Bloomberg Law
May 26, 2023, 9:04 AM

Silvergate Void Sparks Rush for Crypto-Savvy Compliance Workers

Anna Irrera
Anna Irrera
Bloomberg News

European financial firms catering to crypto companies are competing for top compliance staff as they manage a wave of demand following the collapse of US heavyweights Silvergate Capital Corp and Signature Bank.

Companies including Greengage Global Holding Ltd, BCB Group Ltd, Blockbank and Fiat Republic Ltd. need to bulk up their compliance teams to make sure the new clients meet anti-money laundering and regulatory standards. In some cases, firms have increased salaries as much as 20% to lure experienced personnel, they said.

Notoriously poor corporate controls and a swathe of bankruptcies in the crypto industry have ...

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