eToro Promotes Yael Elbaz to Financial Crime’s Senior Director

eToro promoted Yael Elbaz to the role of Senior Director of Financial Crime and DPO, who has already taken over the role. Based in Israel, she was previously the broker’s Group AML Compliance Officer.

“I’m happy to share that I’m starting a new position as Senior Director, Prevention of financial crime at eToro!” Elbaz wrote on a Linkedin post.

She joined eToro in June 2018 in the role of EU AML Compliance Officer. She was initially based in Cyprus for four years and then moved to Israel with a bump in her role to oversee the group’s compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term efforts.

In her previous role with the broker, she led its AML strategy, set AML policies, and supervised AML risk exposure, among having a few other responsibilities.

Elbaz is a lawyer by training, who received her bachelor’s degree from the University of Haifa. She practiced law for years in her initial career.

Before joining eToro, she worked with the online gambling technology provider Technology Provider A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro Read this Term, Playtech for more than three years. There, she was responsible for establishing and maintaining effective systems and controls for compliance and monitoring compliance with internal policies. She even monitored the firm’s day-to-day operation of AML/CFT policies.

Big Moves

Her promotion came as eToro has been pushing to become a public company. The broker already inked a deal with an American blank-check company but is yet to close it.

Meanwhile, eToro is focused on its global footprint expansion. It recently started to onboard new clients from South Africa under its UK-regulated entity. The broker even received a new license in France that will enable it to offer non-leveraged crypto products in the country.