TransferGo hires new compliance chief

TransferGo has hired former Revolut compliance manager Francesco Fucoli as its new chief compliance officer, as it looks to grow into remittance services.

Based in London, Fucoli will be responsible for leading the delivery of innovative customer experience on Know Your Customer (KYC), as well as Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) prevention processes.

He will also be tasked with promoting a strong compliance culture internally and good relationships with customers, regulators and partners.

Fucoli joins TransferGo from IFX Payments, where he was interim head of compliance and led the revamp of its AML compliance and technology function.

Prior to IFX, Fucoli worked as a compliance project manager at Revolut, within its financial investigation unit.

Previous roles have also included working for the International Olympic Committee and the Italian parliament as a compliance officer, along with over six years at Oppenheimer & Co as a compliance AML officer.

Daumantas Dvilinskas, chief executive and co-founder at TransferGo, said: “We were looking for a CCO who would embrace the challenge of disrupting the incumbent financial service players and fit with our entrepreneurial, customer-obsessed culture, and Francesco fitted the bill perfectly.”

Founded in 2012, TransferGo provides pan-European money transfers that reach their destination within 30 minutes.

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