US crypto exchange appoints ex-FBI special agent

US crypto exchange appoints ex-FBI special agent

Tom Davis, certified fraud examiner, formerly with IBM's North America business unit, has joined Coinme

As the crypto market rapidly evolves, Coinme, a Seattle-based crypto currency cash exchange, has integrated a former FBI Special Agent as its general counsel and corporate secretary, bolstering its compliance expertise in the market.

The company has hired Tom Davis from IBM's North America Business Unit, where he worked as a financial crime insight and regulatory compliance specialist. His addition, according to the company, will help protect its compliance with different regulation policies as it expands in the United States and abroad.

By partnering with payment companies like Coinstar and MoneyGram, Coinme says it has grown to include 'thousands' of physical locations across 48 states. It was co-founded in 2014 by Michael Smyers and Neil Berquist. A new CEO has been selected appointing Berquist as a replacement for Smyers, who left the company in 2020.

Berquist said that the company has focused on doing things the right away from the beginning and has secured the first state license for cash-to-crypto technology in the United States.

"Tom's addition fits right into our commitment to providing secure and trustworthy access to the world's crypto market at a time when global regulations are rapidly evolving," he said.

Davis specializes in fraud investigations, financial crime, and regulatory compliance matters with more than 25 years of legal experience. In 2002, Davis became a certified fraud examiner.

Davis served as the vice president of operations, compliance and fraud prevention for GCG, the third-largest party administrator in the United States, before joining IBM. He has served earlier in the accounting profession as a partner-in-charge of forensic and investigative services at the Seattle-based accounting firm Moss Adams and general counsel and secretary for Airbiquity, a start-up focused on automotive telematics. In Seattle, Davis was assigned to the white collar crime squad while employed by the FBI.

Those are among the things that make Coinme a fast-growing company in the Pacific Northwest, and Davis says he is delighted to work for a company that is at a critical juncture in its history. He continues: "I look forward to working with the team to make sure Coinme continues to grow and succeed."