BitGo welcomes new Chief Compliance Officer and Chief Legal Officer

As part of BitGo’s focus on regulation, the blockchain asset, and bitcoin security company has announced the recent hiring of Shahla F. Ali as Chief Compliance Officer and Chief Legal Officer.

Shahla will work closely with the BitGo executive management team to help ready and position BitGo to serve institutional clients. Shahla will be critical in facilitating BitGo to leverage its technology platform in conjunction with appropriate regulatory licensing to access and offer additional services.

She brings more than 10 years of experience in senior legal and compliance roles with top hedge funds, Carlson Capital, L.P. and Millennium Management LLC.

While at Carlson Capital, Shahla managed a global legal and compliance team charged with implementing global compliance policies and procedures to ensure compliance with US and international regulatory, SRO and exchange rules and regulations. Shahla also served as global AML Officer/MLRO responsible for firm-wide global AML compliance with USA Patriot Act, OFAC, FATF, and other domestic and international KYC/AML/CIP requirements.

At Millenium Management, Shahla led efforts to enforce compliance policies and procedures and worked directly with regulators including SEC, CFTC, FINRA, NFA, FCA, MAS, and Japan FSA and the US Attorney’s Office.

In addition to Shahla’s career in the private sector, Shahla served as Assistant Attorney General under Attorneys General Eliot Spitzer and Andrew M. Cuomo in the Office of the New York State Attorney General (NYAG). During her time at the NYAG Shahla served as the chief litigator on various enforcement actions involving financial, insurance and alternative asset management companies (including the hedge fund market timing cases, AIG, Marsh McLennan and the NYSE).

Shahla earned her undergraduate degree from Boston University and a Juris Doctorate from Boston University School of Law.

Mike Belshe, Co-Founder & CEO of BitGo said:

“BitGo stands at a pivotal time in its five-year history as it moves to define itself as a leader in both the technology and compliance of digital currency. The recent shift in focus comes on the heels of the company’s pending acquisition of qualified custodian, Kingdom Trust. More and more, BitGo is seeing a growing interest from institutional investors and is working to make digital currency usable, scalable and secure for business in a regulated market.”